South Korea’s KOSPI Stages 7% Comeback Powered by 3 Catalysts
South Korea’s KOSPI surged 7% on Thursday, snapping a multi-day shedding streak as Asia-Pacific markets tracked Wall Street’s positive factors.
The benchmark had fallen 9.35% after hitting an all-time high above 8,000 final Friday.
KOSPI Jumps 7% as Iran Thaw and Samsung Truce Spark Rebound
Earlier-week declines got here as President Donald Trump signaled possible US strikes on Iran, rattling traders. Sentiment has since reversed, with Trump saying Washington is now within the “remaining levels” of negotiations with Tehran.
In addition, Samsung Electronics and its employee union reached a last-minute wage settlement late Wednesday. The deal suspended an 18-day strike scheduled to start Thursday.
Samsung shares climbed greater than 6%, whereas reminiscence rival SK Hynix jumped 11%. Semiconductor names additionally lifted after Nvidia’s newest earnings showed revenue climbing 85% year-on-year to $81.62 billion.
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Rally Now One of Asia’s Steepest
The KOSPI has tripled in lower than 18 months. According to the Financial Times, the tempo beats the Nasdaq Composite’s dotcom-era climb by roughly six months.
The rally is fueled largely by the nation’s two heaviest-weighted listed firms, Samsung Electronics and SK Hynix. The pair now make up a document 42% of the benchmark, with Samsung up roughly 130% this yr and SK Hynix climbing almost 170%.
Surging memory-chip demand from AI hyperscalers has anchored the run. Notably, Goldman Sachs, Citigroup, and JPMorgan have raised their year-end KOSPI targets in current weeks.
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