The KOSPI index rose above 6,750 points during intraday trading, setting a new record high for the South Korean stock market [1, 2].
This surge reflects growing investor confidence in the region's largest economy. The breakthrough suggests a shift in market momentum as investors begin eyeing the 7,000-point milestone, signaling a potentially prolonged bullish cycle.
The index began the session on an upward trajectory. Reporter Kim Se-ho said the KOSPI opened at 6,739 points, which was a 0.72% increase from the previous day [1]. This opening pushed the index past the 6,740-point threshold early in the session [1].
Market analysts attribute the rally to strong bullish sentiment and anticipation regarding U.S. interest-rate cuts [1, 2]. These macroeconomic expectations have encouraged buyers to enter the market, driving the index to its peak.
Major technology stocks contributed to the upward movement. Samsung Electronics shares reached 226,000 KRW [1], while SK Hynix shares climbed to 1,300,000 KRW [1]. The strength in these semiconductor giants often dictates the broader direction of the Seoul Stock Exchange.
Other indicators showed mixed results. The KOSDAQ index remained around 1,210 points [1]. Meanwhile, the currency market saw a shift as the KRW/USD exchange rate rose by 5.4 won to reach 1,479 won per USD [1].
An anchor for YTN said the KOSPI continued its march of all-time highs by breaking through 6,750 during the day [1].
“KOSPI rose above 6,750 points, setting a new intraday record high”
The KOSPI's climb to 6,750 points indicates that South Korean equities are highly sensitive to U.S. monetary policy. While semiconductor giants like Samsung and SK Hynix are driving the index higher, the simultaneous rise in the USD/KRW exchange rate suggests a complex environment where equity gains are occurring alongside currency depreciation.
