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23.04.202601:27:07UTC+00South Korean Shares Rally to Fresh Record

The benchmark KOSPI advanced nearly 2% to around 6,530 on Thursday, extending its record-setting rally as improved global risk appetite and solid domestic fundamentals underpinned buying interest. The index followed overnight gains on Wall Street after the US extended its ceasefire with Iran, easing immediate geopolitical concerns, though lingering tensions and elevated oil prices kept broader uncertainty in view.

Technology shares led the upswing. Samsung Electronics surged 5.1% to fresh record highs, while SK Hynix climbed 2.8% after posting record quarterly earnings, supported by robust AI-driven demand and rising memory-chip prices that continue to buoy the semiconductor cycle. Additional notable gainers included SK Square (up 4.6%), Doosan Enerbility (up 5.9%), and Kia Corporation (up 1.2%).

Market sentiment was further lifted by stronger-than-expected macroeconomic data. South Korea’s economy grew 1.7% in the first quarter, the fastest pace in more than five years, powered by resilient semiconductor exports and a rebound in investment.

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