Kospi breaks 6,000 for first time in chip-led surge

South Korea’s benchmark Kospi vaulted past the 6,000 mark during trading Wednesday on a blistering rally, just a month after crossing the 5,000 threshold. The Kospi was quoted at 6,022.7 at the opening bell, marking a gain of 53.06 points, or 0.89 percent, from the previous session. It was the first time the benchmark had risen past 6,000 points. The index extended the gains and surged above 6,100 points during the day. After touching the intraday high of 6,142.14, it stood at 6,138.58, climbing

By The Korea Herald

Memory boom drives South Korean stocks’ breakthrough past 6,000 level

South Korea’s equity benchmark has crossed a new milestone just a month after surpassing the once-unthinkable 5,000 mark.