South Korea's KOSPI Index Hits Record High with 2.78% Gain

Deep News
Nov 03, 2025

South Korea's benchmark KOSPI index surged 2.78% on Monday, closing at an all-time high.

The rally was driven by strong export data and optimism surrounding earnings from tech giants like SK Hynix and Samsung Electronics. The Korean won strengthened, while benchmark bond yields declined.

October export figures, released over the weekend, showed unexpected growth, fueled by robust demand for semiconductors and ships. However, businesses remain cautious amid global uncertainties, including U.S. tariff policies.

SK Hynix shares jumped as much as 10%, reaching their highest level since 1999, after the chipmaker reported record profits. SK Securities more than doubled its price target for SK Hynix to 1 million won, up from 480,000 won, making it the most bullish forecast among analysts.

Similarly, SK Securities raised Samsung Electronics' target price from 110,000 won to 170,000 won, maintaining a "buy" rating. Samsung's shares climbed 3.5%, also hitting a record high.

Last Friday, Samsung Electronics confirmed it is in "close discussions" to supply its next-generation high-bandwidth memory (HBM) chip—HBM4—to Nvidia. The company is intensifying efforts to catch up in the AI chip race.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10