South Korea's KOSPI Index Surpasses 6,000

South Korea's KOSPI equity benchmark has crossed the 6,000 mark, reaching a record high, just a month after surpassing 5,000. This rally is primarily fueled by surging global memory demand, benefiting major chipmakers like Samsung Electronics and SK Hynix, whose shares have seen significant gains. Corporate governance reforms, including a bill requiring companies to cancel treasury shares, have also contributed to the rally. The US Supreme Court's decision to strike down reciprocal tariffs is seen as a further boost for South Korean exporters. As a result, South Korea's stock market capitalization has now surpassed those of Germany and France. While analysts remain broadly bullish, some express caution regarding valuations after the swift advance.