KOSPI reaches all-time peak following three-day decline
On Friday, South Korea's KOSPI index jumped 17%, marking its largest single-day increase in history, fueled by a worldwide surge in tech stocks. The recovery was spearheaded by semiconductor manufacturers, as both Samsung Electronics and SK Hynix saw their shares climb by more than 23%, while TSMC shares grew by 10%. This market boost helped calm investor anxiety following a three-day period of selling triggered by concerns over the profitability of massive AI investments.
by shortkt.com✓