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South Korean Shares Rally to Fresh Record
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Trading Economics-
The benchmark KOSPI soared 5.12% to close at 6,937 on Monday, rebounding from the previous session to set a fresh record, driven by strong semiconductor-led domestic growth and easing Middle East supply concerns. South Korea’s factory activity expanded at its fastest pace in more than four years in April, with the S&P Global manufacturing PMI rising to 53.6 as semiconductor demand boosted output and new orders. Samsung Electronics (5.33%) and SK hynix (12.67%) advanced, as optimism around AI-linked memory demand continued to lift valuations across the technology sector. Notable gains were also seen in SK Square (17.60%), Hanwha Aerospace (3.25%), and Hyundai Motor (1.22%). Broader risk appetite improved, Still, geopolitical uncertainty persisted as rising raw material prices pushed factory input cost inflation to a record high.
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