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South Korea’s KOSPI Gains 6% as Samsung Electronics Rises 9%

South Korea’s KOSPI Gains 6% as Samsung Electronics Rises 9%

Photo: TokenPost

South Korea’s benchmark equity index climbed 6%, while gains in Samsung Electronics and SK Hynix outpaced the broader market, making the two semiconductor stocks the standout company moves in the latest market advance. Samsung Electronics rose 9%, three percentage points above the KOSPI’s gain. SK Hynix advanced more than 8%, exceeding the benchmark by more than two percentage points. On a relative basis, Samsung’s increase was 1.5 times the index’s rise, while SK Hynix’s was more than one-third larger. The figures show a rally across South Korean shares alongside still stronger moves in the two chipmakers.

Source: TokenPost

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