KOSPI Breaks 3,400 for First Time: A New Era for Korean Stocks?
South Korea's benchmark stock index, the KOSPI, has just made history. For the first time ever, it has broken through the 3,400-point mark, signaling a new chapter for the Korean market. This historic rally is capturing the attention of investors worldwide, who are now asking what's driving this surge and whether it can last. Key Takeaways Record-Breaking Rally: The KOSPI surpassed 3,400 for the first time, marking its fourth consecutive day of all-time highs, largely driven by strong buying from foreign investors. Semiconductor-Led Surge: A boom in demand for AI chips has propelled semiconductor giants like Samsung Electronics and SK Hynix, which have been the primary engine of the index's growth. Policy-Driven Optimism: Investor sentiment has been boosted by the government's "Corporate Value-up Program" and expectations of more shareholder-friendly tax policies. What to Watch: The future direction of the U.S. Federal Reserve's interest...