Samsung Electronics soared to a record high, driving the KOSPI to 4,129.68 as optimism over a prolonged memory chip supercycle and strong institutional and foreign buying lifted South Korea's main index.
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Samsung Electronics surged over 5% to a record intraday high, fueled by analyst upgrades and optimism over its in-house GPU, as the memory chip supercycle is expected to continue.
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Samsung Electronics delivered a Q3 earnings surprise, with operating profit surging 31.81% year-on-year to 12.1 trillion won ($8.6 billion), driven by robust semiconductor demand amid the global AI boom.
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