The South Korean benchmark **Kospi** continued its upward trajectory on Friday, narrowly missing the significant 7,500-point threshold. Despite earlier losses, the **Kospi closed at 7,498**, marking a 0.11 percent gain from the previous session, a notable reversal that pushed the index higher.
The **Korean benchmark index** initially faced headwinds, commencing the trading day 1.82 percent lower at 7,353.94 compared to the last session. It extended these losses during early trading hours before staging a powerful turnaround late in the day, turning positive just prior to the market’s close. Throughout the session, the index peaked at 7,511.01, briefly reclaiming the critical 7,500 mark.
This Friday’s positive close extends the **Kospi’s impressive rally** for four consecutive trading sessions. The momentum began on Monday, when the index surged over 6 percent to break above the 7,000 mark for the first time in its history. While it briefly surpassed 7,500 during Wednesday’s intraday trading, the **South Korean stock market** has yet to register a closing price above this key psychological level.
**Retail investors** were a primary driving force behind the index’s ascent, demonstrating strong confidence by net buying 3.97 trillion won ($2.68 billion) worth of shares on the main bourse. **Institutional investors** also significantly bolstered the rally with net purchases totaling 1.54 trillion won. In contrast, **foreign investors** acted as the sole net sellers, offloading a net 55.9 billion won worth of stocks.
This continued selling spree by **offshore investors** followed a monumental divestment the previous day, where they dumped over 7 trillion won worth of **Kospi shares**, marking the largest single-day net sell-off on record. Over the past two trading sessions, their cumulative net selling pressure on the **Korean stock market** has reached a substantial 12.32 trillion won.
Performance among leading **chip stocks** exhibited a mixed trend. **Samsung Electronics stock** took a slight pause, declining 1.1 percent to close at 268,500 won. Conversely, **SK Hynix stock** sustained its remarkable rally, surging 1.93 percent to reach a fresh record high of 1.686 million won, further touching an all-time intraday high of 1.689 million won during the day’s trading.
Elsewhere in the market, **SK Square stock** finished 0.9 percent lower at 1.098 million won. Meanwhile, **Hyundai Motor stock** demonstrated robust growth, climbing 7.17 percent to 613,000 won, largely propelled by positive momentum in the robotics sector.
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