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South Korea's KOSPI Index Hits Record Close, Led by Gains in Chip and Auto Stocks
13/05/2026 02:47
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Svmuu News: South Korea's KOSPI index closed up 200.85 points, or 2.63%, at 7,844.0 points, a record high. Earlier, the South Korean president clarified the concept of "universal dividend," emphasizing that his remarks were by no means intended to suggest using companies' own profits to fund such payouts. Memory chip giants SK Hynix and Samsung Electronics closed up 7.9% and 1.79%, respectively. Hyundai Motor rose over 9%, as the company plans to test AI-powered autonomous vehicles in Gwangju, South Korea.
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