KOSPI Maintains 3300... Samsung Electronics Rises for 4 Consecutive Trading Days

The KOSPI surpassed the 3,300 mark for the first time in history. On the 25th, the KOSPI index opened at 3,289.18, up 3.08 points (0.09%), and extended its gains to break the intraday record of 3,292.27 set the previous day. The photo shows the Hana Bank dealing room in Jung-gu, Seoul, on that day. Photo by Kim Hyun-min kimhyun81@

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

As of 10:40 AM, the KOSPI is up 26.83 points (0.82%) at 3312.93. The KOSPI crossed the 3300 mark early in the trading session. This is the first time in 114 days since January 11 that it has broken through the 3300 level. It took less than six months since it first surpassed 3000 during intraday trading on January 6.

While individual investors, who have been the main drivers of the rising market, focused on profit-taking by net selling over 434.4 billion KRW, foreigners and institutions created a dual buying trend with net purchases of about 189.2 billion KRW and 249.6 billion KRW, respectively. Among all stocks, 665 rose while 174 fell.

Samsung Electronics, the undisputed market leader, has led the index with four consecutive days of gains, and SK Hynix, ranked second in market capitalization, has risen for three consecutive days. Samsung Electronics is up 0.62% at 81,700 KRW, and SK Hynix is up 1.98% at 128,500 KRW. By sector, transportation and warehousing (3.75%), construction (2.11%), finance (1.66%), and distribution (1.38%) are showing strength.

With the first agreement on U.S. President Joe Biden's infrastructure budget reached, the U.S. stock market also hit record highs, sparking investment sentiment for risk assets in the Korean stock market as well.

Domestic infrastructure-related stocks also showed strength. Hyundai Construction (3.97%), Doosan Bobcat (2.35%), and POSCO Coated & Color Steel (6.21%) are among the strong performers.

The KOSDAQ also opened at 1013.97, up 1.35 points (0.13%), and as of 9:40 AM, it is at 1018.39.

Han Ji-young, a research analyst in charge of strategic market outlook at Kiwoom Securities, said, "The digestion of policy uncertainty by the U.S. Federal Reserve and the renewed expectations for infrastructure investment by the Biden administration are improving risk asset preference sentiment," adding, "From an index perspective, the possibility of a market direction change due to profit-taking pressure is not expected to be significant."

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