India, May 27 -- Japanese and South Korean stock markets hit intraday record highs on May 27, influenced by a surge in U.S. chip stocks. The Nikkei 225 closed marginally up, while the TOPIX fell, with semiconductor stocks leading gains but financial sectors lagging, suggesting potential correction risk.

South Korea's KOSPI also reached a record high, driven by SK hynix and Samsung Electronics. The rally was fueled by AI chip demand, a tight HBM supply-demand balance, and falling oil prices.

On May 27, boosted by a surge in overnight U.S. chip stocks, both the Japanese and South Korean stock markets hit intraday record highs on Wednesday.

The Nikkei 225 Index opened higher, but finished lower, surging more than 1,400 points to 66,428 po...