30.06.202606:42:18UTC+00South Korean Shares End Higher on Chip Support

The benchmark KOSPI rose 0.97% on Tuesday to close at 8,476, rebounding from the previous session as semiconductor stocks drove broad-based gains. Chipmakers benefited from sustained optimism over large-scale investment across Korea’s semiconductor ecosystem, further boosted by Samsung Electro-Mechanics securing a 454 billion won AI server capacitor supply contract, which reinforced expectations for robust AI infrastructure demand. Standout performers included Samsung Electronics (up 4.02%), SK Hynix (2.05%), SK Square (6.59%), and Samsung Electro-Mechanics (8.05%). Broader risk appetite was also supported by a constructive global backdrop, with Asian equities tracking Wall Street’s latest advance, firmer European futures, and easing geopolitical tensions that helped stabilize oil markets. For June, the KOSPI was largely flat, though it still recorded a substantial second-quarter gain of roughly 70%.