Driven by the rise in US chip stocks, the Korea Composite Stock Price Index rose 2.9% at one point, briefly breaking through the 7,000 mark. SK Hynix's stock price rose by more than 6%, driving the stock index higher, and Samsung Electronics and SK Square followed suit. Foreign funds bought KOSPI shares in morning trading, while local funds sold them. The benchmark index has risen more than 11% this week. Korea's GEM small-cap index rose by as much as 2%.

Driven by the rise in US chip stocks, the Korea Composite Stock Price Index rose 2.9% at one point, briefly breaking through the 7,000 mark. SK Hynix's stock price rose by more than 6%, driving the stock index higher, and Samsung Electronics and SK Square followed suit. Foreign funds bought KOSPI shares in morning trading, while local funds sold them. The benchmark index has risen more than 11% this week. Korea's GEM small-cap index rose by as much as 2%.