- South Korean stocks surged over 3% to a new record high, with the KOSPI index closing above 6,300, as reported by Indopremier.
- This significant market rally was primarily driven by investor optimism surrounding artificial intelligence (AI) prospects.
- The positive sentiment followed better-than-expected earnings reported by Nvidia Corp., according to Indopremier.
- Technology and automobile stocks were key drivers of the gains, benefiting from their roles in the AI value chain.
- Specifically, chipmakers like Samsung Electronics and SK Hynix led the charge, Indopremier noted.
Seoul Stocks Hit Record High on AI Optimism
South Korean stocks soared to an unprecedented record high, with the KOSPI index closing above 6,300, fueled by surging investor confidence in artificial intelligence prospects. This remarkable rally was sparked by Nvidia's stellar earnings report, propelling technology and automobile giants like Samsung Electronics and SK Hynix to lead the charge.
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Editorial Process: This article was drafted using AI-assisted research and thoroughly reviewed by human editors for accuracy, tone, and clarity. All content undergoes human editorial review to ensure accuracy and neutrality.
Reviewed by: Bridgette Jacobs
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