South Korea’s stock market achieved a historic milestone on Monday, with its total market capitalization exceeding 6,000 trillion won (approximately $4.1 trillion) for the first time ever, propelled by widespread market gains across various sectors.
According to data released by the Korea Exchange, this significant achievement saw the combined market cap reach 6,031.97 trillion won during early trading.
Breaking down this impressive figure, the flagship Kospi index contributed a substantial 5,354.36 trillion won. Meanwhile, the secondary Kosdaq market added 673.97 trillion won, and the entry-level Konex market registered 3.64 trillion won, highlighting the broad-based expansion of the nation’s equity markets.
This major milestone was underpinned by the Kospi’s continued upward trajectory. The benchmark index opened higher and soared to an intraday record of 6,603.01, marking the first time it has ever surpassed the 6,600 level, signaling strong investor confidence.
Not to be outdone, the Kosdaq market also demonstrated robust growth, advancing over 1 percent. This followed its remarkable breakthrough last Friday, when it closed above the 1,200 level for the first time in approximately 25 years, indicating renewed vigor in the smaller cap segment.
Leading this market surge were prominent market heavyweights. As of 10:35 a.m. local time, tech giant Samsung Electronics saw its shares increase by 1.25 percent, reaching 222,250 won. Semiconductor powerhouse SK Hynix posted even more impressive gains, surging 5.32 percent to 1,287,000 won, thereby establishing a new all-time high for its stock price and fueling the overall market optimism.
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