SEOUL: South Korea's benchmark Kospi stock index hit an all-time high on Wednesday (May 27) as SK Hynix joined its memory chip rivals Samsung Electronics and

SEOUL: South Korea's benchmark Kospi stock index hit an all-time high on Wednesday (May 27) as SK Hynix joined its memory chip rivals Samsung Electronics and

Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.

Korean stocks rose for the fourth consecutive session to close over the 8,200-point mark, a new peak, on Wednesday, driven by a strong rally by Samsung Electronics and SK hynix.