KOSPI Closes at All-Time High, Nears 6,400 Mark

KOSPI Closes at Record High of 6,388.47

The KOSPI index closed at a record high of the 6,380-point level on April 21. The KOSDAQ index, after fluctuating slightly in negative territory during the session, ended with a modest gain.

On this day, the KOSPI index finished trading at 6,388.47, up 169.38 points (2.72%) from the previous session. The index surpassed the 6,300-point mark early in the session, setting a new all-time high for the first time in two months, and continued to rise steadily before closing at another record high.

Yonhap News Agency

The main drivers behind the index’s rally were foreign investors and institutional investors. Foreign investors purchased shares worth 1.7507 trillion won, while institutions bought 796.2 billion won. In contrast, individual investors sold 2.3645 trillion won worth of shares.

By industry, most sectors rose except for a few such as pharmaceuticals (-1.40%) and paper & wood (-0.77%). Notable gainers included electrical & electronics (3.87%), machinery & equipment (3.73%), metals (2.19%), transportation equipment & parts (2.94%), chemicals (2.16%), construction (5.51%), telecommunications (1.89%), transportation & storage (1.48%), general services (3.21%), and manufacturing (3.31%).

Most of the top market cap stocks also recorded gains. Market leader Samsung Electronics rose 2.10%, and SK hynix advanced 4.97%, reaching the “1.2 million won Hynix” milestone. In addition, LG Energy Solution (11.42%), Hyundai Motor (3.61%), SK Square (2.43%), Doosan Enerbility (4.23%), Kia (1.65%), and HD Hyundai Heavy Industries (9.92%) posted increases. On the other hand, Samsung Biologics (-1.06%) and Hanwha Aerospace (-2.39%) declined.

The KOSDAQ closed at 1,179.03, up 4.18 points (0.36%) from the previous session. Unlike the KOSPI, individual investors bought 586.9 billion won worth of shares, while foreign investors sold 387.2 billion won and institutions sold 123.4 billion won.

Among the top market cap stocks, performances were mixed. EcoPro (5.21%), EcoPro BM (5.00%), and Leeno Industrial (1.63%) rose. However, most bio companies ended lower, including Alteogen (-0.67%), Rainbow Robotics (-1.15%), Samchundang Pharm (-0.42%), ABL Bio (-2.68%), Kolon TissueGene (-5.75%), HLB (-1.27%), and LIG ChemBio (-2.95%).

Kyungmin Lee, a researcher at Daishin Securities, said, "Although uncertainty remained over whether Iran would participate in negotiations, the market interpreted the increased likelihood of Iran joining the second round of talks as a signal of eased uncertainty." He added, "This month, the net buying volume of foreign investors in futures is about 7.8 trillion won, which is also interpreted positively in terms of market liquidity."

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