Kospi surpasses 6,100 for the first time

Employees celebrate in the dealing room of Hana Bank’s headquarters in Jung District, central Seoul, on Feb. 25 after the Kospi index surpassed the 6,000-point mark at the opening bell. [NEWS1]

 

The Kospi surpassed the 6,100 mark for the first time during intraday trading on Wednesday after earlier breaking through 6,000. 

 

The milestone comes just 22 trading days after the index first crossed the 5,000 threshold on Jan. 22.

 


 

As of 1:23 p.m., the benchmark index was trading at 6,105.75, up 2.28 percent from the previous session, according to the Korea Exchange.

 

The rally was led by Korea’s two leading chipmakers, Samsung Electronics and SK hynix, with automakers Hyundai Motor and Kia also driving gains. Samsung Electronics traded in the 200,000 won ($140) range, while SK hynix hovered around the 1 million won level. Hyundai Motor jumped more than 9 percent from the previous day to the 570,000 won range, and Kia surged over 13 percent to around 190,000 won.

 

Although foreign investors were net sellers of more than 1 trillion won, individuals and institutions absorbed the sell-off and pushed the index higher.

 

The Kosdaq, however, edged down to around 1,160.

This article was originally written in Korean and translated by a bilingual reporter with the help of generative AI tools. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom.

BY JANG SEO-YUN [[email protected]]