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South Korea’s Kospi hits record high as Samsung and SK Hynix soar on OpenAI partnership

South Korea’s Kospi index rose nearly 3% to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix.

Shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose 3.49% and 9.86%, respectively.

Meanwhile, the Kosdaq rose 1.05% to close at 854.25.

South Korea’s consumer price index climbed 2.1% year on year in September, more than the 2% rise expected by economists in a Reuters poll. The latest reading compares with the 1.7% growth in August.

Japan’s benchmark Nikkei 225 index advanced 0.87% to end the session at 44,936.73, while the Topix fell 0.24% to 3,087.4.

Australia’s ASX/S&P 200 surged 1.13% to close at 8,945.9.

Hong Kong’s Hang Seng Index advanced 1.61% to 27,287.12. Shares of Zijin Gold skyrocketed over 14% to end at 137.5 Hong Kong dollars, building on gains for two consecutive days since its trading debut Tuesday. The Hang Seng Tech index soared 3.36% to 6,682.86.

Chinese and Indian markets were closed for holidays.