AI Theme Booms, Korean Stocks Soar 5% to Historic High, SK Hynix Jumps 12%
The Korean stock market's KOSPI index soared 5.12% to 6936.99 points today, reaching a new historical high, thanks to investors heavily buying technology stocks and optimism about a potential end to the Middle East conflict. Memory giant SK Hynix's stock price surged over 12%.
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- 📰 Published: May 4, 2026 at 17:34
- 🔍 Collected: May 4, 2026 at 18:01 (27 min after Published)
- 🤖 AI Analyzed: May 4, 2026 at 18:04 (2 min after Collected)
SEOUL (CNA) — South Korea's KOSPI index closed up 5.12% today at 6936.99 points, continuously setting new historical highs. This was attributed to investors heavily buying technology stocks and optimism regarding a potential end to the Middle East conflict. Among them, memory chip giant SK Hynix's stock price soared over 12%.
According to reports from AFP and Reuters, several major U.S. tech companies released strong earnings results last week and reiterated their investment plans for artificial intelligence (AI) data centers. This spurred foreign investor buying today, driving up SK Hynix's stock price.
However, SK Hynix's larger South Korean rival, Samsung, performed slightly less favorably today, as its labor union demanded a share of the profits generated by AI factors, threatening to strike if their demands were not met. (Compiler: Chang Cheng-chien) 1150504
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According to reports from AFP and Reuters, several major U.S. tech companies released strong earnings results last week and reiterated their investment plans for artificial intelligence (AI) data centers. This spurred foreign investor buying today, driving up SK Hynix's stock price.
However, SK Hynix's larger South Korean rival, Samsung, performed slightly less favorably today, as its labor union demanded a share of the profits generated by AI factors, threatening to strike if their demands were not met. (Compiler: Chang Cheng-chien) 1150504
Stand with the facts. Every sponsorship you make is a force for protecting press freedom.
Download CNA's "First-hand News" APP to stay updated with the latest news.
The text, images, and audio/video content on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.