South Korea Financial Markets

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

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

Asian 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 records. South Korea's Kospi jumped nearly 5% 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% after trading resumed following Monday’s holiday, setting another all-time high. 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 has more than tripled so far this year. Treasury yields eased.