KOSPI spikes over 5 pct, briefly topping 9,000 level again on chip rally after Micron earnings (opens original article in a new tab)

South Korean stocks surged over 5 percent, reaching nearly 9,000 points, driven by Micron's better-than-expected earnings, while the Korean won declined against the dollar.

• KOSPI rose over 5 percent, briefly surpassing 9,000 points
• Micron's strong earnings report boosted tech stocks
• South Korean won weakened against the U.S. dollar