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AI boom drives a rally in buying of tech shares, pushing South Koreas Kospi to a record

TOKYO (AP) — South Korea’s Kospi soared nearly 7% to a fresh record on Wednesday as Samsung Electronics' stock jumped 14% in a rally driven by expectations of strong growth in artificial intelligence and hopes for progress in ending the U. S. -Iran war. Shares in SK Hynix, another major Korean computer chipmaker, shot up nearly 11%. Both Samsung and SK Hynix are major manufacturers of the computer chips vital for AI applications. News that Iranian officials were traveling to China ahead of...

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