The South Korean stock market rose on Wednesday, climbing for the third consecutive trading day, mainly driven by optimism around AI, with chip stocks surging significantly. The KOSPI index gained more than 4%, closing at 6,635 points, its highest level since August 5. Han Ji-young, an analyst at Kiwoom Securities, said: "With the strong AI infrastructure demand demonstrated by CoreWeave and Supermicro being validated, capital inflows into the semiconductor sector and AI-related stocks in South

The South Korean stock market rose on Wednesday, marking its third consecutive trading day of gains, mainly driven by optimism around AI as chip stocks surged sharply. The KOSPI index climbed more than 4%, closing at 6,635 points, the highest level since August 5. Han Ji-young, an analyst at Kiwoom Securities, stated, “As the strong AI infrastructure demand demonstrated by CoreWeave and Supermicro is validated, capital inflows into the semiconductor sector and domestic AI-related stocks in South Korea are expected to improve.” For heavyweight stocks, Samsung Electronics and SK Hynix each gained over 7%, while LG Energy Solution rose about 3%. Hyundai Motor and Kia Corporation increased by approximately 2% and 1.5%, respectively.