Seoul stocks close at a new record high amid AI-led tech rally
Seoul stocks close at a new record high amid AI-led tech rally
Publish Date: 2026-04-27 04:06:00
Source Domain: www.upi.com
- Seoul stocks reached a significant new record high on Monday, driven by an artificial intelligence (AI)-induced surge in the semiconductor and power equipment sectors.
- The Korea Composite Stock Price Index (KOSPI) closed at 6,615.03, up 139.4 points or 2.15 percent.
- Trade volume was robust at 835.6 million shares, with significant net buying by foreign and institutional investors.
- Analysts noted growing anticipation around upcoming earnings reports from major tech companies like Samsung Electronics and SK Hynix.
- The positive market sentiment was further supported by easing geopolitical tensions from the Middle East and strong first-quarter earnings from Intel.
- Key performers included Samsung Electronics, up 2.28 percent, and SK Hynix, climbing 5.73 percent.
- Power equipment companies also saw gains, with LS Electric jumping 12 percent and Hyosung Heavy Industries rising 10.95 percent.
- Conversely, battery shares, such as LG Energy Solution and Samsung SDI, experienced losses due to profit-taking.
- The Korean won strengthened against the U.S. dollar, closing at 1,472.5 won.
