Seoul’s stock market jumped sharply on Monday, pushing the KOSPI toward a new record. At 11:20 a.m., the Korea Composite Stock Price Index was up 84.4 points, a 2.1 % climb to 4,157.85. This follows last week’s surge, when the index broke 4,100 for the first time on Friday.
The rally in Seoul mirrors gains in U.S. markets. Week‑end traders saw the Dow close up 0.09 %, the Nasdaq up 0.61 %, and the S&P 500 add 0.26 %. Amazon Web Services shares rose 9.6 % after a strong earnings forecast, while Tesla shares jumped 3.7 % on news that its self‑driving robotaxi will debut in China.
In Seoul, big‑cap tech and defense companies drove the gains. Samsung Electronics edged up 2.05 %, while chipmaker SK hynix surged 7.07 % as investors cheer AI growth. Naver, a leading internet portal, climbed 4.67 % on the same AI wave.
Defense and shipbuilding stocks also moved higher. Hanwha Aerospace leapt 5.31 % after reporting that its third‑quarter net profit more than doubled from a year earlier, thanks to strong domestic and overseas sales. HD Hyundai Heavy and its rivals—Hanwha Ocean and HD Korea Shipbuilding—climbed 4.33 %, 2.69 %, and 3.59 % respectively. Energy solutions firm HD Hyundai Electric surged 9.77 %.
The South Korean won traded at 1,430.3 against the U.S. dollar by mid‑morning, a slight dip of 5.9 won from the previous day.
Industry Minister Kim Jung‑kwan urged medium‑sized companies to adopt artificial intelligence technology, stressing that AI will be essential for survival and growth.
Source: ianslive
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