TOKYO — South Korea’s Kospi soared nearly seven per cent to a fresh record on Wednesday as Samsung Electronics’ stock jumped nearly 13 per cent in a rally driven by expectations of strong growth in artificial intelligence.
Shares in SK Hynix, another major Korean computer chipmaker, shot up 10 per cent early Wednesday.
South Korea’s market was closed Tuesday for a holiday.
Shares mostly rose in other Asian markets.
On Wall Street, stock prices rose to records Tuesday after oil prices eased and companies kept reporting bigger profits than analysts expected.
The S&P 500 climbed 0.8 per cent to top its prior all-time high set at the end of last week. The Dow Jones Industrial Average added 356 points, or 0.7 per cent, and the tech-heavy Nasdaq composite set its own record after rallying one per cent.
