Tech Stocks Lead Rally: South Korea's KOSPI Index Closes at Record High

(Central News Agency, Seoul, 21st, Comprehensive Foreign Dispatch) South Korea's KOSPI stock index closed at an all-time high today, primarily driven by a surge in technology stocks that lifted the index and recovered the losses previously triggered by market slumps resulting from the Middle East war.

According to AFP and Yonhap News Agency, the KOSPI index closed up 2.7% today at 6388.47 points, surpassing the record of 6307.27 points set on February 26 of this year, prior to the outbreak of the Middle East conflict.

Yonhap News Agency reported earlier that South Korean semiconductor giant SK Hynix Inc. is scheduled to announce its first-quarter earnings on the 23rd. The market holds an optimistic attitude, which has driven the semiconductor sector upward and led the broader market rally. (Translated by Yang Chao-yen)