South Korean stocks surged nearly 2%, with the Kospi reaching a three-week high, driven by semiconductor gains as concerns over AI investment demand eased. Samsung Electronics and SK Hynix rallied, while broader markets remained mixed. Foreign investors bought shares, the won strengthened, and second-quarter economic growth held steady at 0.6%.
South Korean stocks surged nearly 2%, with the Kospi reaching a three-week high, driven by semiconductor gains as concerns over AI investment demand eased. Samsung Electronics and SK Hynix rallied, while broader markets remained mixed. Foreign investors bought shares, the won strengthened, and second-quarter economic growth held steady at 0.6%.
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