Forecast Trend Report by Period
South Korea’s Kospi broke above 7,000 at the open on May 6 and moved close to 7,100.
The benchmark index started trading at 7,093.01, up 156.02 points, or 2.25%, from the previous session.
Samsung Electronics jumped 9.25% and SK Hynix climbed 10.50%, lifting the index. Samsung topped 250,000 won, while SK Hynix rose above 1.6 million won.
Artificial intelligence and semiconductor shares also rallied on Wall Street overnight, with Micron Technology surging 11.02%. The gains followed an IDC forecast that the memory-chip market boom driven by the expansion of the AI industry will last for an extended period and, unlike in the past, avoid the usual cycle.
Han Kyung-woo, Hankyung.com reporter case@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
