KOSPI Hits Record High... Stock Market Capitalization Surpasses 6,000 Trillion Won for the First Time (Comprehensive)

KOSPI Surpasses 6,600 Points for the First Time Ever During Trading Hours
Samsung Electronics and SK hynix Expected to Lead Further Gains

On the 27th, employees were monitoring the stock market and exchange rates in the dealing room at the headquarters of Hana Bank in Jung-gu, Seoul. On the same day, the KOSPI reached an all-time intraday high of 6600. Photo by Yonhap News Agency

As the bull market continues, the total market capitalization of the Korean stock market has surpassed 6,000 trillion won for the first time in history. The rally in the stocks of the two market leaders, Samsung Electronics and SK hynix, pushed the KOSPI above 6,600 points intraday for the first time ever.

According to the Korea Exchange on April 27, as of the morning, the total market capitalization of the Korean stock market stood at 6,031 trillion 967.8 billion won. By market, the KOSPI market capitalization was 5,354 trillion 361.6 billion won, while the KOSDAQ and KONEX markets recorded 673 trillion 967.9 billion won and 3 trillion 638.3 billion won, respectively. This is the first time that the total market capitalization of the Korean stock market has exceeded 6,000 trillion won.

With the Korean stock market setting new record highs day after day, its market capitalization has also grown rapidly. On this day, the KOSPI opened at 6,533.60, up 0.90% from the previous session, continued to gain strength, and reached a record intraday high of 6,603.01. This was the first time the KOSPI breached the 6,600-point mark.

The KOSDAQ also opened at 1,213.13, up 0.77% from the previous session, and as of 10:09 a.m., was trading at 1,223.63, up 1.64%. After surpassing the 1,200 mark for the first time in 25 years last Friday, the KOSDAQ continued its upward momentum. The won-dollar exchange rate opened at 1,477.6 won, down 6.9 won from the previous trading day, and fell to the 1,475-won range under the influence of the rising stock market.

The upward momentum of Samsung Electronics and SK hynix, which led the Korean stock market to new record highs, continued on this day as well. As of 10:11 a.m., Samsung Electronics was trading at 223,250 won, up 1.71%. At the same time, SK hynix was trading at 1,286,000 won, up 5.24%, setting a new all-time high. Power equipment stocks such as LS ELECTRIC (up 9.49%) and Hyosung Heavy Industries (up 9.46%) also saw sharp gains. In contrast, LG Energy Solution (down 3.33%), Hanwha Aerospace (down 0.89%), and Samsung Biologics (down 0.59%) were declining.

Experts assessed that the market is focusing more on macroeconomics and corporate earnings than on war-related uncertainties, which is fueling the upward trend. Kyungmin Lee, a researcher at Daishin Securities, said, "With the direction toward an end to the war becoming clearer, global financial markets have become less sensitive to the conflict," adding, "As valuations normalize based on earnings, the KOSPI’s record high march will likely be repeated." Daejun Kim, a researcher at Korea Investment & Securities, emphasized, "As uncertainty in the Middle East subsides, the stock market will return its attention to macroeconomic factors and corporate performance."

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