What was the KOSPI's performance on May 8th?

On May 8th, the KOSPI closed at 7498.00, up 0.11%, marking its fourth consecutive day of record highs and briefly surpassing 7500 intraday.

When did the KOSPI first break the 7000 mark?

The KOSPI first broke the 7000 mark on May 6th, surging over 6% on that day.

How did the KOSDAQ perform alongside the KOSPI?

The KOSDAQ finished higher on May 8th, closing up 0.71% at 1207.72, marking its first gain in three trading days.

Home / Business and Economy / KOSPI Surges Past 7500, Hits Record High Four Days Running

KOSPI Surges Past 7500, Hits Record High Four Days Running

8 May

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Summary

KOSPI index closed just below 7500, marking a record high for the fourth consecutive day.
The index opened lower but surged intraday, briefly surpassing 7500 for the first time.
KOSDAQ also saw gains, closing higher for the first time in three trading days.

KOSPI Surges Past 7500, Hits Record High Four Days Running

The South Korean stock market saw the KOSPI index achieve a new all-time high for the fourth consecutive trading day as of May 8th. The index closed at 7498.00, representing a modest 0.11% increase and staying just below the significant 7500 milestone.

Initially, the KOSPI opened on a downturn, down 1.82% at 7353.94. However, it dramatically reversed course during the trading session, with intraday trading reaching as high as 7511.01, briefly breaking the 7500 barrier for the first time in recorded history.

This rally began on May 4th, and the KOSPI has seen consistent gains since then. Notably, on May 6th, the index surged over 6% to surpass the 7000 mark for the first time. The KOSDAQ also participated in the positive sentiment, closing up 0.71% at 1207.72, its first gain in three sessions.

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