AI Optimism Drives Chip Stocks Sharply Higher, Korean Stocks Rise for Third Consecutive Session

Odaily News The Korean stock market rose on Wednesday, marking a third consecutive session of gains, driven by AI optimism with chip stocks surging. The KOSPI index climbed over 4%, reaching its highest level since August 5. Kiwoom Securities analyst Han Ji-young stated: "As the strong AI infrastructure demand demonstrated by CoreWeave and Supermicro is validated, capital inflows into the semiconductor sector and domestic AI-related stocks in Korea are expected to improve."

Among heavyweight stocks, Samsung Electronics and SK Hynix rose over 7%, while LG Energy Solution gained approximately 3%. Hyundai Motor and Kia Motors advanced around 2% and 1.5%, respectively.