South Korea’s Kospi surged to a fresh record high of 3,748.89 by Oct 17, marking a strong advance over the trading week of Oct 13-Oct 17.
The week began on shaky ground, with the Kospi dipping 0.72% to 3,584.55 on Oct 13 amid mounting US-China trade fears.
From there, the market rebounded sharply through mid-week, driven by an upbeat outlook on South Korea’s economy and a surge in semiconductor stocks. The index climbed 2.68% on Oct 15 and added another 2.49% on Oct 16.
Analysts pointed to renewed global demand for chips, an improved economic forecast for South Korea and resilient corporate performance as key motivators.
Looking ahead, the market may face short-term consolidation after the sharp move higher, but the strong underlying trend suggests room for further upside if global trade stability and tech momentum persist.
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