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Kospi Busts Above 6,000 Mark for 1st Time Ever
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After breaking above the 5,000 mark a month ago, the Kospi Index managed to renew its all-time record today (25th). Driven by a surge in global memory demand, shares of Samsung Electronics, SK Hynix, and other chip giants soared, pushing the Kospi up by as much as 1.9% to a peak of 6,092 in early trading. With the Kospi having snowballed by 44% YTD, the total market cap of the South Korean stock market has surpassed that of the French stock market, following its overtaking of the German market last month. AAStocks Financial News |
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