FX.co ★ Korean Shares Climb on Chipmaker Gains

The benchmark KOSPI climbed 2.05% to around 6,208, setting a new record high as buying momentum strengthened in large-cap chipmakers. The rally was fueled by renewed global optimism after Nvidia Corp. reported stronger-than-expected earnings, with quarterly revenue reaching $68.13 billion and beating market forecasts. Samsung Electronics (+6.14%) and SK Hynix (+3.05%) led the surge in semiconductor stocks, while additional support for the index came from gains in technology and automotive names, including Hyundai Motor (+0.40%), Kia Corp (+1.66%), Naver (+3.75%), and Kakao (+4.70%). Investor sentiment was further bolstered by the Bank of Korea’s decision to keep its key interest rate unchanged at 2.5% for a sixth consecutive meeting, citing solid economic growth and financial stability. This steady monetary policy, combined with strong corporate earnings, underpinned broad-based buying across the market.