Feb 25 β€’ 00:17 UTC πŸ‡°πŸ‡· Korea Hankyoreh (KR)

[Breaking News] KOSPI Surpasses 6000 for the First Time

On the 25th, the KOSPI index surpassed the 6000 mark for the first time in history, marking a significant increase of 122% since last year's presidential election.

On the 25th, the KOSPI index broke through the 6000 level for the first time ever, reaching a trading level of 6022.7 after gaining 53.06 points or 0.89% from the previous day. This remarkable milestone came just 18 trading days after the index first surpassed 5000 on January 27. Since the presidential election on June 3 of last year, the KOSPI has seen an impressive rise of 122%, reflecting strong market growth and investor confidence.

The upward trend in the KOSPI has been bolstered by substantial gains in major companies, including Samsung Electronics and SK Hynix, which opened at prices of 200,250 won and 1,012,000 won respectively, marking increases of 1.25% and 0.7% from the prior trading session. Additionally, the KOSDAQ index also experienced a rise of 0.8%, opening at 1174.27 and demonstrating the overall bullish sentiment in the South Korean stock market.

The foreign exchange market showed a slight drop in the Won-Dollar exchange rate, which fell by 0.9 won to open at 1,441.6. This is yet another indicator of the strong economic performance within South Korea, contributing to the enthusiasm among investors and potentially indicating a further strengthening of the Korean economy in the upcoming months.

πŸ“‘ Similar Coverage