Invezz
09 Jun 2026, 03:58 UTC · 2h ago
Here's why South Korea's Kospi Index is rising today (June 9)
Invezz
09 Jun 2026, 03:58 UTC · 2h ago
Story key points
4 claims · impact-rated
The South Korean Kospi Index rose over 4% on Tuesday, driven by a resurgence in US semiconductor stocks. — Strong correlation between US semi-conductors and the Kospi makes this a primary driver of immediate price action for Korean equities.
+0.60SK Hynix memory is explicitly integrated into Nvidia's new Vera chips, supporting demand expectations for the memory sector. — Direct product linkage to Nvidia provides a fundamental growth catalyst for SK Hynix and related memory manufacturers.
+0.50Crude oil prices have fallen for four consecutive days, acting as a tailwind for South Korea as a major oil importer. — Lower energy costs improve the trade balance and corporate margins for oil-dependent economies, supporting general risk-on sentiment.
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South Korea's macro backdrop showed improvement with a Q1 growth rate of 1.7%. — Positive GDP growth provides a fundamental floor for the index, though it is less volatile than the tech sector movements.
+0.20Ticker attribution
Model heads
CEO encouraged 'buying the dip' and the company is driving demand for memory chips via its new Vera chips.
SK Hynix memory is explicitly used in Nvidia's new chips, supporting demand expectations.
Mentioned as a technology company rebounding after a previous crash.
Part of the resurgence in US semiconductor companies following a previous sell-off.
Part of the resurgence in US semiconductor companies following a previous sell-off.
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