No way…

Korea’s benchmark Kospi index continued its historic rally on May 7, closing at a record 7,490.05 after briefly surpassing 7,530 during intraday trading. The surge followed the previous day’s breakthrough above the 7,000 mark, driven largely by semiconductor giants Samsung Electronics and SK hynix amid the global AI boom. Yet the rally has also intensified fears of missing out, or FOMO, among retail investors left outside the semiconductor-driven surge. Analysts warned that gains remain heavily concentrated in a handful of tech stocks, deepening market polarization and anxiety among individuals rushing belatedly into the market. [PARK YONG-SEOK]