South Korean stocks pared earlier losses late Wednesday morning, with major tech shares like Samsung Electronics and SK hynix turning higher, despite a broader overnight slump on Wall Street driven by rising U.S. Treasury yields and inflation concerns.
South Korea's KOSPI index surpassed 8,000 points for the first time, driven by a rally in large-cap tech shares, particularly semiconductor and AI-related stocks, also influenced by positive US market trends and geopolitical assurances from Trump and Xi.
South Korea’s Kospi has soared nearly 7% to a fresh record as Samsung Electronics' stock jumped nearly 13% in a rally driven by expectations of strong growth in artificial intelligence
