KOSPI Hits All-Time High, Driven by Samsung Electronics and SK Hynix

South Korea's stock market is fueling investor optimism by breaking its record highs day after day. The KOSPI closed at a new all-time high of 6,615.03, while the KOSDAQ also continued its upward trend, rising 1.86% from the previous trading day to 1,226.18.

In particular, the significant surge in stock prices of major semiconductor companies like Samsung Electronics and SK Hynix spearheaded the overall index gains. Samsung Electronics closed trading at 224,500 won, and SK Hynix touched 1,300,000 won intraday, marking a new high.

Jung Cheong-rae, leader of the Democratic Party of Korea, stated on the 24th that the KOSPI would not stop at 6,500 but would continue to climb to 7,000 and 8,000. The operating profit of listed companies this year is projected to approach 750 trillion won.

However, analyses suggest a potential drop to 4,500 points if the U.S. economy deteriorates. Attention is focused on whether the upward trend in corporate earnings will continue amid prolonged Middle Eastern instability.