The KOSPI climbed about 1% to surpass 2,880 on Wednesday, marking its sixth consecutive gain and the highest level since January 2022. The surge was driven by strong performances in chip and auto stocks, fueled by optimism over President Lee Jae-myung’s proposed economic reforms and stimulus plans. Investor sentiment was further boosted by signs of progress in the US–China trade talks and an improving outlook for South Korean exports, particularly in semiconductors. Foreign investors continued heavy buying, adding to the market’s upward momentum. Notable gainers included SK Hynix (+3.8%), Samsung Electronics (+0.9%), LG Energy Solution (+0.9%), and Hyundai Motor (+1.5%). Meanwhile, Hanwha Aerospace (-2.2%), KB Financial Group (-2.2%), and HD Hyundai Heavy Industries (-0.9%) posted losses.