The benchmark KOSPI surged more than 3% to around 5,840 on Wednesday, its highest level in two weeks, driven by strong gains in technology stocks. Heavyweight semiconductor shares Samsung Electronics (5.6%) and SK hynix (4.0%) advanced sharply on renewed optimism over artificial intelligence demand following updates from Nvidia’s GTC conference, where Korean chipmakers were highlighted as key partners in next-generation AI systems. Other notable gainers included Hyundai Motor (3.8%), LG Energy Solution (1.6%), SK Square (5.8%), and Kia (3.8%). Meanwhile, investors remained cautious over Middle East tensions, as attacks on energy infrastructure heightened supply concerns. Oil price volatility remains a risk for South Korea’s import-dependent economy despite recent easing. The Korean won also strengthened as the dollar softened ahead of the Federal Reserve’s policy decision, with rates expected to hold, helping steady sentiment.
