Global Markets: S.Korean shares log best quarter in nearly 30 years on chipmaker rally

South Korea's KOSPI index logged its best quarterly performance in nearly 30 years, rising 68% in the quarter and about 101% year-to-date, fuelled by a blistering rally in chipmakers. Samsung Electronics and SK Hynix surged over 90% and 220% respectively during the quarter, though foreigners were net sellers worth 3.8 trillion won (about $2.45 billion) on the day. South Korea also unveiled a sweeping semiconductor and AI strategy with over $576 billion in chip investments to bolster global competitiveness.