AI investment optimism outweighs Middle East risks, with South Korean semiconductor stocks leading gains on KOSPI
According to Odaily, despite the overnight decline in the US stock market and increased geopolitical tensions between the United States and Iran pushing up oil prices, the South Korean stock market opened higher and continued to climb on the 23rd. Driven by semiconductor, robotics, and AI concept stocks, the South Korean KOSPI index broke above 7,000 points. The market believes that the ongoing expansion of AI infrastructure investment by global tech giants will boost the performance of South Korean chip companies. In addition, bargain hunting after the previous significant pullback and buy-the-dip strategies jointly drove the market rebound.
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