Kospi opens 2.2% higher as chip stocks revive AI hopes

  • Kospi opened higher as technology heavyweights led Seoul's stock-market advance.
  • 153.89 points lifted the Kospi to 7,161.61, a 2.2% opening gain.
  • Nasdaq rose 2.3% Monday as oil prices and U.S. Treasury yields declined.

South Korean stocks opened sharply higher Tuesday, with the Kospi rising 2.2% to 7,161.61 as technology heavyweights benefited from renewed enthusiasm for artificial intelligence. The move followed a record close for the tech-heavy Nasdaq, which climbed 2.3% on Monday, while the S&P 500 gained 1.5% and the Dow Jones Industrial Average added 0.7%. Falling global oil prices and softer U.S. Treasury yields further improved investor sentiment.

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