South Korea's KOSPI index has nearly doubled this year, with a structural shift in memory chip demand leading the rally
Svmuu reported that the stunning rally in South Korea's stock market has propelled the cumulative gain to nearly 100% so far in 2026, even surpassing historic surges seen before the dot-com bubble burst and during South Korea's industrialization boom in the late 1980s. Driven by sharp gains in memory chip makers such as SK Hynix and Samsung Electronics, South Korea's benchmark KOSPI index has repeatedly hit record highs, surging from 5000 points to 8300 points in just a few months. The index rose as much as 5.1% intraday on Wednesday. With the year not even half over, the index's current performance is on par with the 102% gain of the Nasdaq 100 Index before the 1999 bubble burst. However, few market participants are currently issuing bubble warnings for South Korea's stock market, as they believe the structure of global memory chip demand has shifted from a previous cyclical pattern to a more long-term, sustained growth trend. (Jin Shi)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
-
2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
3
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
4
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
5
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
6
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
7
Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
-
8
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
9
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
-
10
DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
Markets Today
Recommended Reading



