South Korea's KOSPI Breaks 7,000 — April 1-20 Exports Up 49.4%, Record High

KOSPI has crossed the 7,000 line for the first time amid bets on memory chip supercycle. April 1-20 exports reached $50.4 billion, representing 49.4% year-over-year growth and the largest exports for the period on record. However, April consumer inflation reached a 21-month high, with new Bank of Korea Governor Shin Hyun-song emphasizing cautious monetary policy.