South Korea's Stock Market: Riding High on the AI Wave, with SK Hynix Soaring Up to 10%
2025-11-03 / Read about 0 minute
Author:小编   

The South Korean Kospi index has witnessed its most robust monthly gain in over two decades, skyrocketing by 20% in October and achieving its best monthly performance since 2001. As November dawned, the index maintained its upward trajectory with formidable momentum, climbing by up to 2.5% and reaching an all-time peak. Lately, the index's remarkable performance has been predominantly fueled by the sustained market fervor surrounding top-tier tech giants like Samsung Electronics and SK Hynix. This optimism has not only uplifted their own share prices but has also spurred a surge in the stock values of related companies. The CEO of Billionfold Asset Management has ascribed this rally to the 'Jensen Huang effect,' noting that the market's response intensified following Huang's visit to South Korea and his announcement of transactions last week. On Monday, SK Hynix's stock price experienced a meteoric rise, surging up to 10%, with certain analysts even doubling their target price for the company.