South Korea’s KOSPI index climbed to an all-time high on Tuesday, propelled by strong performances in the technology sector, particularly memory chip producers benefiting from artificial intelligence demand.
Record Surge in KOSPI
The index advanced up to 2.2%, reaching a peak of 6,355.39 points. This milestone reflects growing investor confidence in chipmakers tied to the AI boom.
SK Hynix Drives Gains
SK Hynix Inc. led the charge, surging more than 4% to its own record high. The company extended recent momentum after announcing mass production of a critical memory module for NVIDIA’s advanced AI processors. As a key supplier to NVIDIA, SK Hynix has capitalized on surging demand for AI-related memory chips. Recent online buzz, including calls to distribute its substantial profits publicly, further bolstered sentiment.
Samsung Electronics Joins the Rally
Samsung Electronics Co Ltd rose 2%, approaching its own record level, contributing to the broader tech uplift.
Geopolitical Optimism Boosts Markets
Positive expectations for U.S.-Iran peace talks ahead of a ceasefire deadline this week enhanced risk appetite across Asian markets, supporting the KOSPI’s advance.
