23.09.202502:07:05UTC+00KOSPI Rises on Wall Street Boost, Tech Gains

On Tuesday, the KOSPI index edged up by 0.09% to approximately 3,471, marking its second consecutive session of gains. This rise followed a technology-driven rally on Wall Street, spurred by Nvidia's announcement of a groundbreaking collaboration with OpenAI and its commitment to investing up to $100 billion in the development of advanced AI data centers. Domestically, leading technology and energy companies spearheaded the upturn, with significant contributions from Samsung Electronics (1.32%), SK Hynix (1.21%), Doosan Enerbility (2.80%), and LG Energy Solution (0.29%). Investor sentiment was further bolstered by new data indicating a 0.6% year-over-year increase in South Korea's producer prices in August 2025, marking the highest rise since April, and slightly surpassing the 0.5% growth recorded in July. This increase was driven by rising costs in services, utilities, and agriculture, which helped alleviate inflationary pressures.