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Korea Stocks Soar on Chip Gains

Korea Stocks Soar on Chip Gains

Published 17 hours ago
Description

South Korean stocks soared to record highs Monday, fueled by a semiconductor boom and hopeful signs from Middle East peace talks — even as the won slipped against the dollar. The KOSPI index surged despite an early dip, with heavy trading volume reflecting strong investor confidence. Chipmakers led the charge, with SK Hynix briefly overtaking Samsung Electronics in market value — while Samsung and Hyundai Motor fell. Geopolitical momentum, especially from U.S.-Iran negotiations, proved a major market catalyst, proving how global events ripple through local finance.

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