South Korea's KOSPI index hits a record high boosted by a rebound in chip stocks

Glonghui, June 19 — The South Korean KOSPI index reached a record high, boosted by a continued rebound in chip stocks and reflecting the previous night’s gains in the Nasdaq index. Comments from U.S. President Trump that Apple had agreed to cooperate with Intel in chip design and manufacturing also lifted market sentiment. Among the leading gainers, SK Hynix rose 6%, Samsung SDI increased 4.4%, Hanmi Semiconductor climbed 5.1%, and SK Square jumped nearly 7%. The Korea Composite Index rose 2.6% to 9,301.88 points.