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South Korean shares hit record as chipmakers surge on OpenAI deal
South Korean shares reached a record high, with the KOSPI rising 3.10% to 3,562.97, driven by chipmakers Samsung Electronics and SK Hynix following a deal with OpenAI. Foreign investors were net buyers, contributing to strong market performance. The Korean won strengthened against the dollar, and bond yields fell. The semiconductor sector's growth is attributed to increased demand from the global AI boom, leading to a significant rise in South Korea's exports in September.
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