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Kospi Tops 4,200 as AI Trade Drives New Intraday Record in Seoul

Big-cap tech rallied on Nvidia’s planned GPU rollout with Korean partners, lifting sentiment across defense and shipbuilding.

Overview

  • The index crossed 4,200 for the first time and peaked at 4,216.93 before easing to 4,206.88 around 2 p.m. local time.
  • Samsung Electronics rose about 3.16% and SK hynix jumped roughly 10.02% as chip optimism intensified, while Naver advanced earlier in the session.
  • Hanwha Aerospace said third-quarter net income more than doubled from a year earlier, and its shares climbed, with gains spreading to HD Hyundai Heavy, HD Korea Shipbuilding and Hanwha Ocean.
  • Nvidia said it will supply up to 260,000 Blackwell GPUs in South Korea in partnership with the government and major conglomerates, reinforcing expectations for large-scale AI projects.
  • Retail investors were net buyers of about 628 billion won by midafternoon as institutions turned modest net buyers and foreigners sold roughly 625 billion won, with the won near 1,428–1,430 per dollar and upbeat U.S. tech results supporting sentiment.