KOSPI Tops 7,000 as Samsung Reaches $1 Trillion Market Cap
South Korea's benchmark index rose 6.45% on Wednesday to a record close of 7,384.56 following a global rally in semiconductor stocks. Samsung Electronics became the second Asian firm to exceed a $1 trillion valuation as foreign investors purchased a record 3.1 trillion won of local shares.
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South Korea's KOSPI index surged 6.45% to a record 7,384.56 on Wednesday, briefly hitting 7,426.60 before triggering a rare sidecar trading curb. Samsung Electronics crossed the $1 trillion market-cap threshold as semiconductor stocks rallied on global AI hardware demand. The index has climbed 75% year-to-date, driven by robust domestic manufacturing activity and government market reforms.
