South Korea’s KOSPI Breaks 7,000 Ceiling To Hit a New Record High
South Korea’s KOSPI broke by 7,000 for the primary time in historical past on Wednesday. The index closed 6.45% increased at a file 7,384.56 in a rally pushed by surging demand for synthetic intelligence (AI) chips.
The benchmark is up roughly 75% year-to-date after gaining 76% in 2025, its strongest yr since 1999.
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Notably, Samsung Electronics jumped 14.4%, lifting its market worth above $1 trillion. It has turn out to be the second Asian firm, after Taiwan Semiconductor Manufacturing Company (TSMC), to achieve that mark.
SK Hynix climbed 10.6% to a contemporary all-time high. Together, the 2 corporations account for roughly 44% of the KOSPI’s whole market capitalization.
Global demand for synthetic intelligence {hardware} has emerged as a key driver shaping fairness market efficiency. Meanwhile, easing tensions between the United States and Iran have additional supported danger sentiment throughout Asian markets.
Bullish Bets on iShares South Korea ETF Surge 600% in Weeks
Meanwhile, South Korea’s manufacturing buying managers index (PMI) rose to 53.6 in April, the best reading since February 2022. At the identical time, exports climbed for an eleventh straight month in April. The information has anchored the rally in fundamentals.
Bullish positioning on the iShares MSCI South Korea ETF (EWY) has additionally reached excessive ranges. Call choice notional open curiosity hit a file $5.5 billion final week. The Kobeissi Letter described the shift in a latest X put up.
“The whole greenback worth of excellent bullish bets has risen +600% over the past a number of weeks. To put this into perspective, weekly name open curiosity didn’t exceed $700 million earlier than 2025,” the post learn.
Net inflows into EWY have reached roughly $6.3 billion yr to this point. The fund has gained 68% in 2026 and surged 181% over the previous 15 months, making it the top-performing main fairness market globally.
The Kobeissi Letter mentioned buyers are positioning for additional upside in South Korean equities.
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