KOSPI tops another historic milestone 9,000 on chip rally

Seoul stocks crossed another round-number milestone of 9,000 for the first time in their history Thursday, buoyed by an extended rally in chipmakers and other artificial intelligence (AI)-related stocks, in the face of a hawkish stance by the U.S. Federal Reserve and Iran uncertainty. The benchmark Korea Composite Stock Price Index (KOSPI) added 129.42 points or 1.46 percent to 8,993.66 as of 1:52 p.m., after rising as high as 9,040.52. 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 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. The benchmark index was led by the country's two chip giants — Samsung Electronics and SK hynix — on continued confidence over AI and related sectors. Shares of Samsung EleWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times