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KOSPI Tops 3,600 on Reopening as Chip Stocks Surge

Earnings season is expected to underpin the advance, as a weaker won keeps volatility elevated.

Overview

  • The benchmark rose about 1.3% in early trade to 3,596.31 and briefly crossed 3,600 for the first time after the Chuseok break.
  • Samsung Electronics gained 4.49% and SK hynix jumped 7.46%, with biotech and internet names also higher.
  • The won traded near 1,420.9 per dollar in early dealings, reflecting persistent currency pressure that could sway foreign flows.
  • AI-linked momentum supported risk appetite globally after AMD announced a chip deal with OpenAI and Nvidia’s CEO highlighted stronger demand.
  • FnGuide said broker forecasts put the fourth‑quarter KOSPI range at 3,115 to 3,725 as major chipmakers report results.