South Korea stocks

The growing dominance of Samsung Electronics and SK Hynix, the market’s two largest stocks, is driving this

The Kospi has risen 94.67 per cent so far this year

The chipmaker’s shares have risen more than 340% this year alone

Samsung Electronics rises 4.62% and SK Hynix gains 6.51%

On Monday, it rose 5.2 per cent

The move comes after Mirae Asset failed to secure SpaceX shares despite accepting investor deposits

Investors are awaiting MSCI’s annual market-classification review on Jun 23

President Lee Jae Myung said the market was “still undervalued”

Some large lenders are still willing to take new orders on a case-by-case basis