How Long Has It Been Since 7,000? KOSPI Surges Again to Open the 8,000 Era

1,000-Point Surge in Just Seven Trading Days After Hitting 7,000
KOSDAQ Turns Lower During the Session

On May 15, the KOSPI index surpassed 8,000 points for the first time ever during intraday trading. The KOSDAQ opened slightly higher but turned downward as the session progressed.

As of 9:15 a.m. at the Korea Exchange, the KOSPI index was trading at 8,008.66, up 27.25 points (0.34%) from the previous session. Individual investors were net buyers of 1.008 trillion won, while foreign investors and institutional investors were net sellers of 909.8 billion won and 97 billion won, respectively.

Yonhap News Agency

Earlier, the KOSPI started the session slightly lower at 7,951.75, but soon reversed course and rose above the 8,000-point mark at around 9:13 a.m., setting a new all-time high. It gained 1,000 points in just seven trading days since the KOSPI first crossed 7,000 points on May 6.

By sector, gains and losses were mixed. Chemical (1.55%), electric & gas (1.61%), financial (1.29%), securities (2.21%), insurance (1.38%), and transportation equipment & parts (0.66%) rose. In contrast, food, beverage & tobacco (-1.62%), pharmaceuticals (-0.62%), medical & precision equipment (-2.74%), general services (-1.67%), and construction (-2.72%) declined.

Among large-cap stocks, Samsung Electronics, the market leader, was down 0.5% from the previous session, while SK hynix was up 0.4%. Other gainers included SK Square (0.6%), Hyundai Motor (4.0%), LG Energy Solution (4.1%), Samsung Electro-Mechanics (8.3%), and Kia (0.9%). On the other hand, Doosan Enerbility (-0.1%), Samsung C&T (-1.7%), HD Hyundai Heavy Industries (-0.4%), and Samsung Biologics (-0.1%) were on the decline.

The KOSDAQ was trading at 1,188.35, down 0.21% from the previous session. Foreign investors and institutional investors were net buyers of 63.9 billion won and 7.6 billion won, respectively, while individual investors were net sellers of 25 billion won.

Among top KOSDAQ stocks, performances were mixed. Decliners included EcoPro BM (-1.2%), EcoPro (-1.3%), Samchundang Pharm (-4.3%), Leeno Industrial (-4.7%), HLB (-1.6%), and ABL Bio (-2.1%). On the upside were Alteogen (2.4%), Rainbow Robotics (6.4%), Jusung Engineering (1.0%), and Rigakem Bio (0.5%).

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