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Seoul shares spike 4.6% to 5-week high on renewed AI optimism
KR📈 EconomyCenter12 hr. ago

Seoul shares spike 4.6% to 5-week high on renewed AI optimism

South Korean stocks experienced a significant surge, rising 4.6% to a five-week high on Monday, driven by renewed optimism around artificial intelligence, particularly following the launch of OpenAI's new GPT-6 Astra model. The Korea Composite Stock Price Index closed at 6,995.39, marking its highest level since early July. The rally was fueled by increased demand for AI-related investments, with foreign and institutional investors contributing significantly to the gains. Major companies like Samsung Electronics and SK hynix saw substantial increases, while some defense sector stocks showed mixed performance. The Korean won strengthened against the US dollar.

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The Korea Herald logoThe Korea HeraldIndependentCenter12 hr. ago
Seoul shares spike 4.6% to 5-week high on renewed AI optimism

South Korean stocks experienced a significant surge, rising 4.6% to a five-week high on Monday, driven by renewed optimism around artificial intelligence, particularly following the launch of OpenAI's new GPT-6 Astra model. The Korea Composite Stock Price Index closed at 6,995.39, marking its highest level since early July. The rally was fueled by increased demand for AI-related investments, with foreign and institutional investors contributing significantly to the gains. Major companies like Samsung Electronics and SK hynix saw substantial increases, while some defense sector stocks showed mixed performance. The Korean won strengthened against the US dollar.

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