The South Korean benchmark Kospi achieved a historic milestone on Thursday, surpassing the 7,500-point mark for the first time in intraday trading. This significant rally extended the gains observed in the previous session, reflecting robust market performance.
The Kospi index opened strongly at 7,499.07, marking a 1.55 percent increase from its prior close. This followed a remarkable Wednesday session where the index surged by 6 percent, pushing past the 7,400 threshold for the first time.
Immediately following the market’s opening, the South Korean stock market’s flagship index rapidly ascended beyond 7,500 points, reaching an intraday peak of 7,531.88. Although it later moderated some of these gains, the Kospi still maintained a strong position, trading at 7,448.27 by 10:15 a.m., up 0.86 percent for the session.
Driving this notable ascent were retail investors, who demonstrated significant confidence by net buying 1.16 trillion won ($786.4 million) worth of shares. In contrast, foreign and institutional investors adopted a cautious stance, selling a net 1.15 trillion won and 20.4 billion won in shares, respectively.
Among the top performers were South Korea’s leading semiconductor heavyweights: Samsung Electronics and SK hynix. Both companies saw their share prices reach fresh record highs, hitting 277,000 won and 1.648 million won, respectively.
As of 10:15 a.m., Samsung Electronics stock was up 2.07 percent, trading at 271,500 won. Similarly, SK hynix shares advanced 1.12 percent to 1.62 million won, underscoring the strong investor interest in the semiconductor sector.
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