KOSPI Surpasses 3300 Intraday... First Time Ever

On the 23rd, buoyed by the positive momentum in the US stock market, the KOSPI index showed an early rise. Dealers are working in the Hana Bank dealing room in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Junho Hwang] On the 25th, the KOSPI surpassed 3300 for the first time in history.

On that day, the KOSPI opened at 3289.18, up 3.08 points (0.09%). After one minute, it rose to 3302.65. It is the first time in 105 trading days since January 25, when the market first surpassed 3200, that the KOSPI has crossed the 3300 mark.

As of 9:10 AM, the market recorded 3300.10, repeatedly fluctuating to stabilize above the 3300 level. While individuals and institutions are net selling 24.4 billion KRW and 23.4 billion KRW respectively, foreigners are net buying 48.3 billion KRW.

By sector, the transportation and warehousing industry is up 2.31%, while construction, steel and metals, finance, and distribution sectors are showing gains in the 1% range.

Among the top market capitalization stocks, Samsung Electronics, the KOSPI leader, stands out with its upward trend. Samsung Electronics has been rising for four consecutive trading days from the 22nd to the 25th, leading the index increase. Its stock price is up 0.12% at 81,300 KRW.

SK Hynix has also been rising for three consecutive trading days since the 23rd, currently trading at 129,000 KRW, up 2.38%. LG Chem is up 1.32% at 842,000 KRW, and Samsung SDI is up 0.87% at 699,000 KRW.

The KOSDAQ also started strong. It opened at 1013.97, up 1.35 points (0.13%), and as of 9:10 AM, it has risen to 1016.44. By sector, non-metal, semiconductor, and chemical industries are rising.

Among the top market cap stocks, Kakao Games is up 2.55% at 56,400 KRW, and EcoPro BM is up 0.93% at 217,100 KRW.

Sangyoung Seo, a researcher at Mirae Asset Securities Media Content Department, pointed out, "Although the KOSPI is expected to challenge 3300 today, if it surpasses this level, there is a high possibility of profit-taking selling emerging."

This content was produced with the assistance of AI translation services.