South Korea’s Kospi Hit 9,000 As AI Stocks Led - Finimize
• South Korea’s Kospi index reached the 9,000 mark, marking a sixth consecutive session of growth driven primarily by AI-related stocks. • The rally was supported by global geopolitical stability following a US-Iran deal to reopen the Strait of Hormuz and the Federal Reserve's decision to maintain interest rates between 3.50% and 3.75%. • The surge highlights the influence of mega-cap companies in cap-weighted indices, as increased risk appetite leads investors to concentrate capital in the most liquid assets.
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