True
SEOUL — The KOSPI broke through the 7,100 level as a rally in United States semiconductor stocks spilled over into the Seoul market, with chip shares leading the benchmark past the milestone. The advance underscores the pull that Wall Street's semiconductor sector exerts on Korean equities, where chipmakers dominate the index.
Samsung Electronics and SK hynix, the chipmakers that anchor the Korean market, moved higher alongside the US semiconductor rally. The companies carry the heaviest weightings on the KOSPI, meaning their gains translate directly into upward pressure on the benchmark and pulled the index above the 7,100 mark.
Strength in US semiconductor stocks has been the dominant driver of the Seoul market's direction, and the latest session followed the familiar pattern: gains in US chips carried over into Korean trading and lifted the benchmark past 7,100. With semiconductors accounting for a dominant share of the KOSPI's value, the index's trajectory remains closely tied to the performance of the US chip sector.
The claim that the KOSPI broke through the 7,100 level on the back of a US semiconductor rally is True.
