KOSPI Nears All-Time Peak as Chip Stocks Rally and Diplomatic Hopes Lift Sentiment
South Korea's KOSPI climbed sharply, driven by strong advances in memory chip stocks and improved risk appetite tied to optimism over U.S.-Iran diplomacy, while cooler oil prices and softer U.S. producer inflation data added support to equities. Major domestic chip names extended gains as U.S. markets also finished higher overnight.