South Korea’s Kospi, which has held above the 5,000 mark, set another record high on Tuesday, extending gains from the previous session. The Kosdaq surged more than 4% to finish above 1,130.
According to the Korea Exchange, the Kospi rose 85.96 points, or 1.69%, to close at 5,170.81. It opened up 60.54 points, or 1.19%, at 5,145.39 and climbed further on buying by foreign and institutional investors.
In the main market, foreigners bought a net 574.2 billion won and institutions bought a net 1.1534 trillion won. Retail investors bought a net 1.7229 trillion won.
Most heavyweight stocks ended higher, including Samsung Electronics (up 1.82%), SK hynix (up 5.13%), LG Energy Solution (up 5.51%), Hyundai Motor (up 0.82%), Samsung Biologics (up 0.06%) and SK Square (up 6.55%).
Samsung Electronics gained 2,900 won to close at 162,400 won, while SK hynix jumped 41,000 won to 841,000 won. Both set record closing highs.
By sector, electronics rose 3.18%, financials gained 0.25% and pharmaceuticals added 1.43%. IT services fell 0.79% and machinery and equipment slipped 0.36%.
The Kosdaq also rallied. The index rose 50.93 points, or 4.70%, to close at 1,133.52. It opened up 10.88 points, or 1.00%, at 1,093.47 and accelerated on net buying by institutions.
Individuals sold a net 2.5981 trillion won, while foreigners bought a net 453.5 billion won and institutions bought a net 2.3268 trillion won. Institutions have been net buyers for three straight sessions in the Kosdaq market.
Among top Kosdaq stocks, Alteogen rose 6.62%, EcoPro surged 21.82%, EcoPro BM gained 7.26%, Rainbow Robotics added 6.92%, Samchundang Pharm rose 5.52% and HLB gained 1.36%. ABL Bio fell 0.82% and Kolon TissueGene slipped 1.12%.
By sector, electronics rose 6.07%, pharmaceuticals gained 2.90%, machinery and equipment climbed 6.69% and general services added 3.87%. Telecommunications fell 1.57%.
* This article has been translated by AI.
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