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KOSPI Sets Second Straight Record as Chip Rally Deepens

AI‑chip optimism from Nvidia’s OpenAI plan drew buyers to Korean tech leaders.

Overview

  • South Korea’s benchmark closed at 3,486.19 on Tuesday, up 0.51% for a new all-time high for the second day in a row.
  • Nvidia’s announced plan to invest up to US$100 billion in OpenAI to build AI data centers lifted sentiment after U.S. tech-led gains.
  • Samsung Electronics rose 1.44% and SK hynix gained 2.85%, with Samsung briefly topping 90,000 won in pre-market trade.
  • Foreign investors were net buyers of about 303 billion won as individuals sold 244 billion won and institutions offloaded 136.3 billion won.
  • Market breadth weakened with losers outpacing gainers 598 to 269 on moderate turnover of about 350 million shares worth 11.9 trillion won, while the won held near 1,391 per dollar.