Korean composite index hits record high as chip stocks rebound.
The South Korean composite index hit a record high, boosted by the continuous rebound of chip stocks and reflecting the overnight gains of the Nasdaq index. President Trump's comments about Apple agreeing to cooperate with Intel in chip design and manufacturing also boosted market sentiment. Among the significantly rising stocks, SK Hynix rose 6.0%, Samsung SDI rose 4.4%, Hankook Semiconductor rose 5.1%, and SK Square rose nearly 7%. The South Korean composite index rose 2.6% to 9301.88 points.
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