(LEAD) 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 a 9,000-point level, driven by a tech rally following Micron's strong earnings report. The KOSPI closed at 8,930.30, with semiconductor and airline stocks rising. The Korean won fell against the U.S. dollar.

• KOSPI rose over 5 percent, briefly surpassing 9,000 points due to a tech rally
• Micron's strong earnings report boosted semiconductor stocks, including Samsung and SK hynix
• Korean won weakened against the U.S. dollar