KOSPI climbs 1% to ~7,095, three-week high on AI optimism
The benchmark KOSPI rose more than 1% to around 7,095, a three-week high. Samsung gained more than 1% and SK hynix rose 3% amid renewed optimism for AI-driven memory demand and tight supply expectations.
The benchmark KOSPI climbed more than 1% to around 7,095 on Tuesday, hitting a three-week high as renewed optimism over AI-driven semiconductor demand kept tech stocks supported. Samsung Electronics and SK hynix rose more than 1% and 3%, respectively. 4% DRAM market share in Q2 and forecasts of critically tight supply as hyperscalers increase AI infrastructure spending. 3%), SK Inc.
8%). 6% quarter-on-quarter. Separately, escalating Middle East tensions pushed Brent crude higher, stoking inflation concerns and the risk of tighter global monetary policy.