South Korea’s benchmark KOSPI index climbed above the 9,000-point level for the first time on June 18, supported by growing optimism surrounding artificial intelligence-related stocks and easing geopolitical concerns following a US-Iran peace agreement.
The milestone came as investors welcomed the deal aimed at ending the conflict in Iran, which helped improve global risk sentiment and eased fears over energy prices and inflation.
Market sentiment was also boosted by expectations that major central banks, including the Bank of Japan, would continue pursuing gradual policy normalisation, providing a supportive backdrop for Asian equities.
The record high extended a strong rally in South Korean stocks, with technology and AI-linked counters continuing to attract investor interest.
