South Korea's Kospi Gains Over 40% This Year, Breaks Above 6000

ForkLibertarian · 2026-02-25T05:58:39+00:00

South Korea's Kospi index surpassed 6000 for the first time, gaining over 40% this year, driven by semiconductor and auto shares amid a recovery in U.S. markets following a significant chip deal involving Meta and AMD.

ForkLibertarian

2026-02-25 05:58:39

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By Kwanwoo Jun

South Korea’s benchmark stock index rose above 6000 for the first time, gaining more than 40% this year, putting it among the world’s top-performing markets.

Semiconductor and auto shares led Wednesday’s gains as they tracked an overnight rebound in U.S. equities.

The benchmark Kospi was 0.6% higher at 6006.80 in early trade. It has increased 43% this year.

Index heavyweight Samsung Electronics, the world’s largest memory-chip maker, was last up 1.3%. SK Hynix, a main supplier of high bandwidth memory to Nvidia, was 0.7% higher. Car manufacturers Hyundai Motor and its sibling Kia advanced 4.6% and 11%, respectively.

The Kospi’s rally followed a rebound on Wall Street after Monday’s AI-driven selloff, as a massive chip deal between Meta Platforms and AMD eased concerns about AI’s disruption to incumbent technology companies.

Social-media giant Meta disclosed a plan worth over $100 billion to buy AI chips from Advanced Micro Devices, helping send the Nasdaq Composite 1.0% higher. The S&P 500 and Dow industrials both gained 0.8%.

Write to Kwanwoo Jun at [email protected]

(END) Dow Jones Newswires

February 24, 2026 20:01 ET (01:01 GMT)

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