South Korea's stock market rose for a third consecutive session on Wednesday, lifted by AI optimism that sent chip stocks sharply higher. The KOSPI index climbed more than 4%, reaching its highest level since August 5. Kiwoom Securities analyst Han Ji-young said capital inflows into the semiconductor sector and South Korean AI-related stocks are expected to improve as the strong AI infrastructure demand demonstrated by CoreWeave and Supermicro is validated. Among heavyweight stocks, Samsung Electronics and SK Hynix both rose more than 7%, LG Energy Solution gained about 3%, Hyundai Motor advanced roughly 2%, and Kia rose approximately 1.5%. The advance extended the KOSPI's winning streak to a third day, with AI optimism providing the main catalyst. Han's comments pointed to strengthening demand for AI infrastructure from CoreWeave and Supermicro as a reason for improved fund flows into chip and AI-related names. Samsung Electronics and SK Hynix led the rally, each surging more than 7%. LG Energy Solution, Hyundai Motor and Kia also posted gains, though at a more moderate pace.
South Korea's stock market rose for a third session on Wednesday, with the KOSPI climbing more than 4% to its highest level since August 5 as AI optimism fueled a sharp rally in chip stocks.
Kiwoom Securities analyst Han Ji-young said capital inflows into the semiconductor sector and domestic AI-related stocks are expected to improve "as the strong AI infrastructure demand demonstrated by CoreWeave and Supermicro is validated."
Among heavyweight names, Samsung Electronics and SK Hynix each gained more than 7%. LG Energy Solution rose about 3%, while Hyundai Motor and Kia advanced roughly 2% and 1.5%, respectively.
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