Seoul stocks land at new high on chip rally

South Korean stocks hit a new high, marking their fifth straight winning session, largely driven by a surge in semiconductor stocks. This rally underscores the robust demand for tech components, reflecting the ongoing global reliance on advanced electronics. However, investors are keeping a watchful eye on the U.S. Federal Reserve's upcoming rate decisions, which could impact global economic conditions and market dynamics. The success of the tech sector highlights its crucial role in driving economic growth, but also brings attention to the sector's vulnerability to regulatory changes and economic shifts.