Samsung Electronics and SK Hynix drove the Kospi higher on Tuesday, with the index gaining 1.25% to 7,083.84 in Seoul, extending an artificial intelligence-driven rally. Samsung Electronics rose 1.48% to 274,000 won while SK Hynix jumped 3.65% to 1,848,000 won, as Wall Street reopened to weaker futures after the Labor Day holiday. The 10-year US Treasury yield climbed to its highest level since November 2023, and Brent crude touched a six-week high of $97.31 per barrel. Traders are now pricing roughly a 60% chance of a quarter-point Federal Reserve rate hike at next week’s meeting amid persistent inflation and Middle East tensions.
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