South Korea Financial Markets

A dealer stands near the screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026.

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World shares are mostly higher, tracking Wall Street's fresh records, and oil prices fall

World shares are mostly higher, tracking Wall Street's fresh records, and oil prices fall

Asian shares are mostly higher and oil prices have fallen after the U.S. stock market rose to more records. South Korea's Kospi jumped more than 2% and Taiwan's benchmark also surged as the boom in artificial intelligence drove heavy buying of computer chipmakers and other technology companies. On Tuesday, the S&P 500 climbed 0.6%, setting another all-time high after trading resumed following Monday’s holiday. The Nasdaq composite rallied 1.2% to its own record, while the Dow Jones Industrial Average dipped 0.2% from its all-time high. Micron Technology led the way, and its stock price has more than tripled so far this year. Treasury yields eased.