South Korean KOSPI Reaches Record High on Chip Surge and Samsung Momentum
Updated (3 articles)
KOSPI Hits Record 4,840.74 Amid Extended Rally The Korea Composite Stock Price Index closed at a record 4,840.74, extending an 11‑session rally and touching an intraday high of 4,863.82 during the session [1]. The surge reflects persistent buying pressure across the market [1]. Investors viewed the rally as a continuation of multi‑month upward momentum [1].
Semiconductor Leaders Samsung and SK Hynix Drive Gains Semiconductor stocks led the advance, with Samsung Electronics rising 3.47% and SK Hynix gaining 0.93% [1]. Their performance lifted the broader index and reinforced the rally’s tech‑heavy character [1]. Analysts cited strong global demand for chips as a key catalyst [1].
Market Capitalization Surpasses 4,000 Trillion Won Threshold Total market capitalization climbed to 4,004.9 trillion won after the close, marking the first time the market crossed the 4,000‑trillion‑won level [1]. This milestone follows a multi‑quarter ascent in valuation [1]. The growth underscores confidence in corporate earnings and sector fundamentals [1].
Foreign and Institutional Buyers Outpace Retail Sellers Foreign investors net bought 405 billion won while institutional traders added 338.5 billion won, contrasting with a net retail sell of 938 billion won [1]. Trading volume remained robust at 701.2 million shares, valued at 26.6 trillion won [1]. The flow pattern indicates institutional confidence despite retail profit‑taking [1].
Analysts Credit Samsung Earnings Outlook for Continued Rally Analysts linked the rally primarily to Samsung Electronics, expecting its upcoming earnings reports to sustain market optimism [1]. They highlighted favorable semiconductor demand and strong corporate results as supporting factors [1]. The consensus suggests the rally could persist if Samsung meets earnings expectations [1].