The Korea Composite Stock Price Index closed up 113.83 points, or 2.05%, at 5,668.05, snapping a seven-day losing streak after reaching an intraday high of 5,809.94. Investors bought back large-cap tech shares, especially top chipmakers that had tumbled more than 10% in the previous session. Fed Chair Kevin Warsh voiced optimism about the US economy and AI but did not signal whether the central bank will raise rates this month, even as recent US inflation data showed prices rising faster than expected. Mirae Asset Securities analyst Seo Sang-yong said the Fed chair's positive view of AI's structural growth was meaningful despite concerns about credit risks and funding burdens at such companies.
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