Seoul stocks open at fresh record high on continued chip rally

Seoul stocks opened at a fresh record high Friday after surging past a new milestone of above 9,000, boosted by a continued chip rally amid a boom in artificial intelligence.

The benchmark Korea Composite Stock Price Index opened up 225.05 points, or 2.48 percent, at 9,288.89.

The market got a boost from overnight gains on Wall Street, led by major chipmakers, such as Intel, Nvidia and Micron Technology.

US President Donald Trump said that Intel had agreed to a deal with Apple to design and buil ...