Hormuz risk lifts Kospi above 7,000 on chip earnings
Middle East tensions stoke FX and oil swings, yet strong semiconductor results drive the index higher
- 1.HMM Namu-ho drone strike confirmed in Strait of Hormuz
- 2.Samsung Electronics and SK Hynix beat estimates, pushing Kospi past 7,000
- 3.Won/dollar falls 0.13% to 1,502.58
- 4.Middle East blockade fears clash with robust AI demand
- 5.U.S.–Iran talks and constitutional-amendment vote in focus
“AI and chip strength face off against Middle East risk and China’s growth limits” — Market analysis