KOSPI hits record as SK Hynix market cap tops $1 trillion
The KOSPI hit an all-time high as SK Hynix joined Samsung and Micron in the $1 trillion club. Strong AI demand pushed the benchmark index up 5% on Wednesday.
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South Korea’s KOSPI index rose 5% to a record 8,450.26 on Wednesday as SK HYNIX INC reached a $1.08 trillion market capitalization. The chipmaker joins SAMSUNG ELECTRONICS CO LTD and MICRON TECHNOLOGY INC in the $1 trillion valuation club. The rally reflects a global AI boom that has pushed the KOSPI up 98% this year, making it the world's top-performing index.
