South Korea’s economy expanded by 0.6% in the second quarter, outpacing market consensus and signaling resilience in the country’s export engine.
The quarterly gain was primarily propelled by a surge in semiconductor shipments, which more than compensated for a notable deceleration in construction investment.
The positive data print triggered a sharp repricing in local equities, with the KOSPI index rallying 3% in the session.
On an annual basis, gross domestic product growth reached 3.7%, underscoring the continued strength of the technology sector as a macroeconomic anchor.
The positive data print triggered a sharp repricing in local equities, with the KOSPI index rallying 3% in the session.
The broad-based advance reflects investor confidence that the semiconductor cycle remains intact, providing a tailwind for regional tech stocks.
This move aligns with broader sentiment across Asian markets, where optimism over AI-driven capital expenditure has recently supported equity valuations.