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KOSPI nears 8,000 as AI frenzy shrugs off U.S. inflation shock
KOSPI nears 8,000 as AI frenzy shrugs off U.S. inflation shock SEOUL, May 14 (AJP) - South Korean stocks marched closer to the 8,000-point milestone on Thursday as investors brushed aside renewed U.S. inflation concerns and instead piled into artificial intelligence and semiconductor shares through the U.S.-China summit momentum. As of 10:34 a.m., the benchmark KOSPI was trading at 7,973.67, up 1.65 percent, while the tech-heavy KOSDAQ slipped 0.66 percent to 1,169.16. The rally closely followed another record-setting session on Wall Str May 14, 2026