- Seoul stocks ended at a record peak of above 9,000, with the benchmark Korea Composite Stock Price Index (KOSPI) closing up 199.6 points, or 2.25 percent, to 9,063.84.
- The KOSPI's surge was driven by an extended rally in chipmakers, particularly Samsung Electronics and SK hynix, amid optimism over artificial intelligence (AI).
- Trade volume was heavy at 505.9 million shares worth 49.9 trillion won (US$32.7 billion).
- Foreign investors were net buyers, purchasing 1.3 trillion won, while retail and institutional investors net sold a combined 1.2 trillion won.
- Samsung Electronics rose 4.62 percent to 362,500 won, while SK hynix jumped 6.51 percent to 2,685,000 won.
Seoul's KOSPI index reached a historic peak of 9,063.84, closing up 199.6 points or 2.25 percent, marking the first time it has surpassed the 9,000-point threshold.12
This surge was driven by strong investor confidence in major chipmakers, particularly Samsung Electronics and SK hynix, amid growing optimism in artificial intelligence (AI).3458
Samsung Electronics rose 4.62 percent to 362,500 won, while SK hynix jumped 6.51 percent to 2,685,000 won.
The KOSPI's rally continued for the sixth consecutive session, reflecting a robust market sentiment despite external uncertainties, including a hawkish stance from the U.S. Federal Reserve and geopolitical tensions.
Trade volume was substantial, with 505.9 million shares traded, valued at 49.9 trillion won (approximately US$32.7 billion).6
Foreign investors were net buyers, acquiring 1.3 trillion won, while retail and institutional investors net sold a combined 1.2 trillion won, indicating a shift in market dynamics.7
Analyst -hwan from Mirae Asset Securities noted that the rally was primarily led by the country's two major chipmakers, underscoring the pivotal role of the tech sector in driving market performance.
“The Korea Composite Stock Price Index (KOSPI) closed at 9,063.84, marking a historic milestone above 9,000 points. This surge was fueled by optimism in the semiconductor sector, particularly among major players like Samsung Electronics and SK hynix.”
upi.com