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S Korea's KOSPI Crosses 5,000 Mark as AI Demand Drives Mkt Surge
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South Korea's KOSPI crossed the psychological threshold of 5,000, up by as much as 2.2% to peak at 5,019.54, notching a historic high. Over the past 12 months, it has accumulated an upswing of more than 95%, making it the strongest performing major index globally. This rally was propelled by demand for artificial intelligence. Samsung Electronics, SK Hynix and other memory chip giants benefited from the increased demand for AI servers, giving rise to a spike in their profits. AASTOCKS Financial News Website: www.aastocks.com |
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