What is the Kospi index and why did it reach a record high?

The Kospi is South Korea's main stock market index. It reached a record high above 4,700 due to strong buying from institutional and retail investors, with major tech stocks like Samsung and SK Hynix seeing gains.

How did Samsung Electronics and SK hynix perform during the record Kospi trading?

Samsung Electronics and SK Hynix, the largest companies by market cap, initially opened lower but turned upward, contributing to the Kospi's historic climb.

What was the trading activity of foreign versus domestic investors on the day the Kospi hit a record?

Foreign investors sold net 283.1 billion won, while institutional and retail investors bought shares totaling 143.5 billion won and 128.9 billion won, respectively.

Home / Business and Economy / Kospi Hits Record High Above 4,700

Kospi Hits Record High Above 4,700

15 Jan

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Summary

The Kospi index surpassed the 4,700 mark for the first time.
Major tech stocks Samsung Electronics and SK hynix saw gains.
Foreign investors sold shares, while institutional and retail bought.

South Korea's main stock index, the Kospi, achieved a historic feat on Wednesday, breaking through the 4,700-point level for the very first time. The index opened lower but rapidly reversed its trend, reaching an intraday high of 4,715.75 and settling above 4,700. This significant market achievement reflects growing investor confidence.

Key players in the market, including technology giants Samsung Electronics and SK hynix, contributed to the upward momentum. Despite initially trading lower, both companies saw their stock prices rise. This performance underscores the influence of large-cap stocks on the overall market direction.

The trading activity saw foreign investors net selling 283.1 billion won. Conversely, domestic institutional and retail investors demonstrated strong buying interest, purchasing shares worth 143.5 billion won and 128.9 billion won, respectively, signaling robust local investment.