ET 19:31

Tech Rally Provides Ongoing Lift to KOSPI; Samsung, SK Hynix Lead Gains

South Korean equities extended their advance on May 27, 2026, as technology shares continued to underpin the KOSPI index. Market participants pointed to resilient demand for memory chips and artificial intelligence-related hardware. Samsung Electronics (005930.KS) climbed 1.8% and SK Hynix (000660.KS) rose 2.3%, accounting for the bulk of the benchmark’s positive performance. Analysts projected the support would persist, citing tight semiconductor supply and strong export data. The KOSPI closed up 0.9% at 2,950.47, marking its fifth consecutive session of gains. Foreign investors remained net buyers of local tech names, purchasing a net 420 billion won ($310 million) of shares, according to exchange data. Broader sentiment was also buoyed by easing trade tensions and hopes for a steady global economic recovery.

EditorWong Mei Ling