The KOSPI index is displayed at a dealing room of Hana Bank in central Seoul, Friday. YonhapSeoul stocks opened at a fresh record high Friday after surging past a new milestone of above 9,000, boosted by a continued chip rally amid a boom in artificial intelligence (AI).The benchmark Korea Composite Stock Price Index (KOSPI) opened up 225.05 points, or 2.48 percent, at 9,288.89.The market got a boost from overnight gains on Wall Street, led by major chipmakers, such as Intel, Nvidia and Micron Technology.U.S. President Donald Trump said that Intel had agreed to a deal with Apple to design and build chips in the United States.Analyst Han Ji-young from Kiwoom Securities expected the local market to continue on a chip rally but noted that the rise could be limited due to profit taking."There seems to be a consensus among investors that increasing dependence on major leading stocks is the winning strategy, in the face of external uncertainties," Han said.
Seoul stocks open at fresh record high on continued chip rally - The Korea Times
Seoul stocks opened at a fresh record high Friday after surging past a new milestone of above 9,000, boosted by a continued chip rally amid a boom...
Seoul KOSPI opens at fresh record 9,288 (+2.48%) on chip rally tied to AI boom and Trump-Intel-Apple US manufacturing deal. Market sees chip focus as optimal strategy amid uncertainties; profit-taking expected to limit upside after rapid gains.










