Korean Stocks Hit New Highs as Gainers Diversify Beyond Chips
More South Korean stocks are hitting their 52-week high than at any other point in recent years, reflecting hopes for corporate reform and diversification in the market's gainers beyond semiconductor heavyweights.
Even though the benchmark Kospi Index is still more than 6% away from its highest point in the last year, 91 members climbed to their 52-week high on Thursday, according to Bloomberg-compiled data. That's the highest one-day tally since May 2021, when Kospi was heading toward its all-time high.
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