South Korea KOSPI Hits Record 6,828

Asian equities rose, led by South Korea where KOSPI surged 3.5% to a record 6,828.33 points.
Memory chip makers Samsung Electronics (+2.8%) and SK Hynix (+6.8%) drove gains after strong Q1 earnings and supply shortages.
Hong Kong Hang Seng jumped 1.7% as tech stocks Baidu, SMIC, and Xiaomi each rose over 4%, with Xiaomi reporting 30,000 EV sales in April.
Australia’s ASX 200 slipped 0.2% amid expectations of a further 25‑bp RBA rate hike after 50 bps hikes this year and Iran‑related energy price pressures.