Korean stocks soar to new record highs! Surging more than 86% this year, both “Korean Twin Stars” of Gelonghui hit new records again

Golden Ten Data May 11 | Last Friday, all semiconductor and memory stocks in the US stock market soared, with Micron, SanDisk, Intel, and others all hitting record highs, which in turn stimulated another significant surge in the Korean stock market today. The Korea Composite Stock Price Index (KOSPI) once rose over 5% during the session to 7,876.6 points, reaching a new all-time high. Its year-to-date cumulative gain expanded to over 86%, continuing to lead global markets. Golden Ten Data reports that "the two giants of Korea," SK Hynix and Samsung Electronics, also both set new historical highs again today. Among them, SK Hynix surged more than 10% intraday to 1,859,000 KRW, reaching a new record high with its market value surpassing 1,300 trillion KRW, up 185% for the year; Samsung Electronics once jumped 7% to 287,500 KRW, also reaching a new historical high, with its market capitalization surpassing 1,800 trillion KRW and a year-to-date increase of 139%.