Home / Business and Economy / Kospi Skyrockets 10%: South Korea's Market Rebounds Strong
Kospi Skyrockets 10%: South Korea's Market Rebounds Strong
5 Mar
Summary
- South Korea's Kospi index surged nearly 10% after a record previous day's drop.
- Major tech firms Samsung Electronics and SK Hynix saw gains over 10%.
- The Kospi experienced its best trading day in almost two decades.
South Korea's benchmark Kospi composite index achieved a remarkable comeback, jumping nearly 10% on Thursday. This rebound followed a substantial drop the prior day, which was attributed to fears of a prolonged Middle East conflict and potential energy price shocks. Major technology stocks, including Samsung Electronics and SK Hynix, rallied significantly, both gaining over 10% after leading declines earlier in the week.
The impressive gains triggered circuit breakers, leading to a brief trading suspension by the Korea Exchange. This marked the Kospi's best performance in nearly twenty years. Analysts suggest that stabilizing oil prices have improved market sentiment, easing concerns for energy-importing nations like South Korea. The positive outlook in energy markets, combined with stronger-than-expected U.S. employment figures, also boosted global markets.
South Korea's stock market has seen substantial fluctuations, recently experiencing a historic rally driven by artificial intelligence-related companies. The Kospi was notably the world's top-performing index in 2025, with gains around 75%. This rally has been supported by a new wave of retail investors, particularly among younger Koreans seeking wealth generation avenues beyond the real estate market.
Following a decline of approximately 7% on Tuesday and 12% on Wednesday, the Kospi's performance on Thursday has left it up around 30% for the current calendar year.
