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Explained: Why South Korea's Kospi jumped 7% despite escalating Middle East tensions

South Korea's benchmark Kospi surged 7% on Wednesday, extending its rally for a second session as softer-than-expected US inflation data and Wall Street gains boosted risk appetite. Optimism over AI memory demand also lifted semiconductor stocks, with Samsung Electronics rising 8%, SK Hynix gaining over 13%, Hanmi Semiconductor soaring 25%, and SK Hynix ADRs jumping more than 27% overnight.

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Economic TimesLean R·3h ago
Explained: Why South Korea's Kospi jumped 7% despite escalating Middle East tensions
South Korea's benchmark Kospi surged 7% on Wednesday, extending its rally for a second session as softer-than-expected US inflation data and Wall Street gains boosted risk appetite. Optimism over AI memory demand also lifted semiconductor stocks, with Samsung Electronics rising 8%, SK Hynix gaining over 13%, Hanmi Semiconductor soaring 25%, and SK Hynix ADRs jumping more than 27% overnight.
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Explained: Why South Korea's Kospi jumped 7% despite escalating Middle East tensions

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Explained: Why South Korea's Kospi jumped 7% despite escalating Middle East tensions

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