South Korea's Kospi hits record high as Samsung and SK Hynix soar on OpenAI partnership

South Korea’s Kospi index rose nearly 3% to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix.

Shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose 3.49% and 9.86%, respectively.

Meanwhile, the Kosdaq rose 1.05% to close at 854.25.

South Korea’s consumer price index climbed 2.1% year on year in September, more than the 2% rise expected by economists in a Reuters poll. The latest reading compares with the 1.7% growth in August.

Japan’s benchmark Nikkei 225