KOSPI climbs over 1% as semiconductors and tech rally
The benchmark KOSPI climbed more than 1% to around 7,060 on Wednesday, recovering losses. The Philadelphia Semiconductor Index rose 1.3%, with Samsung Electronics up 1.1% and SK hynix up 3.4%. Defense and shipbuilding shares also gained.
The benchmark KOSPI climbed more than 1% to around 7,060 on Wednesday, recovering losses from the previous session, as continued gains in semiconductor stocks lifted sentiment. 4% amid sustained optimism over AI-related demand. Defense and shipbuilding shares also advanced after fresh overseas order developments. 0% after it was selected as the preferred bidder for a $509 million Thai frigate project.
0%. Broader risk sentiment was capped by higher inflation concerns after Brent crude moved toward $100 per barrel amid escalating Middle East tensions, while elevated US Treasury yields also limited appetite for risk.