When did the KOSPI index reach 5,000 points?

The KOSPI index surpassed 5,000 points for the first time on January 22nd.

What caused the KOSPI's surge to 5,000?

The rally was primarily driven by strong performance in the semiconductor sector.

Are investors concerned about the KOSPI reaching 5,000?

While many are celebrating, some investors are expressing caution about market overheating and potential corrections.

Home / Business and Economy / KOSPI Soars Past 5000: Investors Cheer, Some Fear Correction

KOSPI Soars Past 5000: Investors Cheer, Some Fear Correction

22 Jan

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Summary

KOSPI index surpassed 5,000 points for the first time ever on January 22nd.
Investors expressed excitement over President Lee Jae-myung's fulfilled pledge.
Concerns about market overheating and potential corrections are emerging.

KOSPI Soars Past 5000: Investors Cheer, Some Fear Correction

On January 22nd, the KOSPI index achieved a historic milestone, breaching the 5,000-point mark for the very first time. Online investment communities buzzed with excitement and admiration, with many investors expressing joy over the realization of President Lee Jae-myung's pledge.

Expressions of exhilaration were common, with some participants noting the rapid achievement of the target and setting ambitious new goals. However, this rally, predominantly fueled by the semiconductor sector, has also led to a sense of deprivation among those not invested in these stocks, including some retail investors who regretted their overseas investments.

Amidst the celebration, cautious voices are warning of potential short-term overheating and a possible market correction. Concerns were raised about foreign and institutional investors potentially selling off their holdings, as well as the impact of the Bank of Japan's interest rate hike on yen carry trades.