South Korea’s $1.8tn stock market is approaching bull market territory, as foreign investors pile into AI stocks and local investors snatch up EV battery-related shares.
The tech-heavy Kospi has rallied 18 per cent this year, joining a surge of other indices in the region, including Japan’s Topix and Taiwan’s Taiex, that has been driven in large part by searing gains for chipmaker shares.
In contrast, Chinese stocks are falling over doubts about its economic recovery, with Hong Kong’s Hang Seng down 2 per cent this year and CSI 300, China’s key benchmark of onshore-listed companies, down 1 per cent.
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