The **South Korean benchmark Kospi index** surged to yet another record high upon closing Tuesday, sustaining its robust upward momentum. This impressive performance now positions the index in swift pursuit of the significant **7,000-point threshold**.
Closing at **6,641.02**, the **Kospi** marked a 0.39 percent gain from the preceding session, establishing an **all-time closing high** that eclipsed Monday’s record of 6,615.03. Furthermore, during intraday trading, the index briefly scaled an unprecedented **6,712.73**, breaking past the 6,700 mark for the very first time.
This remarkable ascent saw the **Kospi** first cross the **5,000-point milestone** on January 27, followed by a breach of the **6,000-point level** on February 25. Now, merely two months later, the index is intently focused on reaching the **7,000-point target**, demonstrating accelerated growth.
Contributing significantly to this momentum is a strong **rebound in foreign investor sentiment**. While the earlier **Iran conflict** had prompted a risk-off environment, leading **overseas investors** to divest over 35 trillion won ($23.5 billion) in **main board shares** during March, there has been a notable shift. This month, **foreign capital** has become a net buyer, accumulating a net 3.21 trillion won in **South Korean stocks** up to Tuesday.
Performance among **South Korea’s leading semiconductor heavyweights** presented a mixed picture.
**Samsung Electronics** saw a slight dip of 1.11 percent, closing at 222,000 won. In contrast, **SK hynix** advanced by 0.62 percent to 1.3 million won, having earlier reached an intraday peak of 1.328 million won.
These **semiconductor giants** have been instrumental in driving the market’s upward trajectory in recent months, fueled by the accelerating **demand for memory chips**—a direct consequence of the global **artificial intelligence (AI) boom**.
**Hyundai Motor** experienced a significant surge of 5.92 percent, reaching 555,000 won. This robust gain followed news of **Hyundai Motor Group Chairman Chung Euisun’s** meeting with **Demis Hassabis**, co-founder and CEO of **Google DeepMind**. The encounter sparked heightened expectations for accelerated **artificial intelligence development** at **Boston Dynamics**, a key subsidiary.
**LG Energy Solution** also recorded a positive session, climbing 1.72 percent to close at 472,000 won.
**SK Square**, the intermediate holding company of **SK Group**, saw its shares increase by 2.79 percent to 811,000 won. Notably, its **market capitalization** achieved a significant milestone, surpassing the **100 trillion won** mark to reach 107.01 trillion won.
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