Sigma Capital

13-05-2026

South Korean Shares Rebound to Record High

Source: MIST

Trading Economics-


The benchmark KOSPI rose 2.63% to close at a record high of 7,844 on Wednesday, rebounding after a sharp selloff in the previous session as investors selectively bought semiconductor and large-cap technology stocks. Optimism over AI demand and strength in chip exports continued to support sentiment. Gains were led by Samsung Electronics (1.97%), SK Hynix (8.12%), SK Square (5.86%), Hyundai Motor (9.83%), HD Hyundai Heavy Industries (2.83%), and Kia Corporation (6.30%), while LG Energy Solution (-2.71%) and Doosan Enerbility (-4.46%) posted losses. Meanwhile, hotter-than-expected US inflation strengthened expectations that the Federal Reserve could keep interest rates elevated for longer,Investors also monitored debate over proposals to redistribute AI-driven excess tax revenues and ongoing labor tensions at Samsung Electronics after wage talks with its union collapsed.