Samsung Electronics has hit a $1tn market value on the back of booming demand for AI-related stocks, becoming only the second east Asian company in the elite club alongside Taiwan Semiconductor Manufacturing Co.
The South Korean memory chip giant’s stock surged as much as 12 per cent on Wednesday to a record, helping to push the Kospi benchmark through the 7,000 level for the first time after it jumped almost 6 per cent.
Shares in rival Korean chipmaker SK Hynix also leapt more than 10 per cent to a record high.
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