24H | South Korea ETFs Jump as Kospi Benchmark Above the 7,000 Level. KORU Up 7%; EWY Up About 2%

Tiger Newspress05-06 08:39

South Korea ETFs jumped in overnight trading. KORU up 7%; EWY up about 2%.

Samsung Electronics Co. has reached a $1 trillion market valuation after booming demand for chips used in artificial intelligence saw the world’s largest memory maker’s stock more than quadruple over the past year.

The milestone came as the South Korean company’s shares rallied as much as 11% early on Wednesday, making it only the second Asian firm after Taiwan Semiconductor Manufacturing Co. to hit the mark. The gains boosted the Kospi benchmark above the 7,000 level.

Samsung, alongside memory peer SK Hynix Inc. and TSMC, sits at the heart of a transformation that has made Asia a cornerstone of the global AI ecosystem, pairing chipmaking dominance with expanding data infrastructure. That shift has fueled a powerful rally in regional tech stocks — SK Hynix and TSMC also reached record highs this month — as investors bet on sustained demand for advanced chips and computing capacity.

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