South Korea’s Kospi stock index tops 6,000 for first time
The index has risen 43 per cent so far this year
[SEOUL] South Korea’s benchmark Kospi stock index topped the 6,000-mark on Wednesday for the first time on a chipmaker rally led by artificial intelligence optimism.
The Kospi opened the session up 0.89 per cent at 6,022.7, just a month after it breached the 5,000-mark on Jan 22, as chipmakers Samsung Electronics and SK Hynix rose to fresh highs.
The index has risen 43 per cent so far this year, after rising 76 per cent last year, the biggest jump since 1999. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?