AI Boom Propels Kospi to Record as Tech Giants Defy War Jitters

Investor optimism that the worst of the Iran war may be over was on full display Tuesday, when the return of the AI trade drove South Korean stocks to a record and spurred another rally in Taiwan.

Korea’s Kospi Index rose 2.7% to an all-time high of 6,388.47, after the tech-heavy gauge erased all its losses driven by the Middle East conflict in the previous session. Samsung Electronics Co. and SK Hynix Inc. led the advance.