Seoul stocks top 9,000-point mark, buoyed by tech giants
En resumen
- Seoul stocks surpassed the 9,000-point milestone on Thursday, driven by strong performance in semiconductors and other tech heavyweights.
- The KOSPI index reached 9,000.68, less than a month after crossing the 8,000-point mark.
Resumen generado por IA
Por qué importa
Seoul stocks have seen a rapid ascent, crossing the 8,000-point mark less than a month prior to reaching 9,000 points. The index has experienced a record-breaking run fueled by AI sector optimism and a US-Iran peace agreement.
SEOUL, June 18 (Yonhap) -- Seoul stocks crossed over another round-number milestone on Thursday, topping the 9,000-point mark, buoyed by semiconductors and other tech heavyweights.
The benchmark Korea Composite Stock Price Index (KOSPI) opened higher and breached the new landmark, reaching 9,000.68 as of 12:52 p.m.
It took less than a month for the index to top the new milestone, after breaking the 8,000-point mark on May 26.
The index had delivered a record-breaking run for five straight sessions since last Thursday on the peace agreement reached between the United States and Iran, as well as extended optimism for the artificial intelligence (AI) sector.
The KOSPI broke above the 3,000 mark on June 20, 2025, and surpassed 4,000 points on Oct. 27, 2025.
On Jan. 22, it hit 5,000 points and touched 6,000 points on Feb. 25.
Preguntas abiertas
- Will the upward trend continue?
- What specific AI developments are driving the optimism?
