Seoul stocks close at a new record high amid AI-led tech rally
Orientul Mijlociu
Seoul stocks shattered a new record Monday, to close at a fresh high, boosted by an artificial intelligence (AI)-led chip and power equipment rally. The Korean won rose against the U.S. dollar. The high also comes ahead of upcoming earnings releases from global big tech giants. The benchmark Korea Composite Stock Price Index (KOSPI) closed up 139.4 points, or 2.15 percent, to 6,615.03. The KOSPI's new high came just two trading days after its previous high on Thursday, when it hit 6,475.81.
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