empty

2026.06.0101:37:03UTC+00South Korean Shares Set Fresh Record on Tech Rally

The benchmark KOSPI jumped more than 3% to around 8,750 on Monday, setting a new record high on the back of robust semiconductor exports and persistent AI-driven demand. South Korea’s exports rose 53% year-on-year to an all-time high of $87.8 billion in May, propelled by a 169% surge in semiconductor shipments and bolstering optimism about the sector’s earnings outlook.

Samsung Electronics led the rally, advancing 5.7%, as investors also focused on Nvidia CEO Jensen Huang’s upcoming visit to South Korea later this week, amid expectations of new AI and semiconductor partnership opportunities. Sentiment was further supported by record closes on Wall Street, underpinned by ongoing enthusiasm for AI infrastructure investment.

Other notable gainers included Hyundai Motor (up 2.1%), Doosan Enerbility (4.5%), Hanwha Aerospace (5.3%), KB Financial Group (1.3%), and LG Electronics (24.4%). Still, unresolved US-Iran negotiations and rising oil prices kept broader geopolitical and inflation risks firmly on investors’ radar.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Binary Options are unavailable for trading in this region
Can't speak right now?
Ask your question in the chat.
Widget callback