KOSPI Surges Past 6,900, 7,000 Mark Within Reach

The KOSPI, a key indicator of the stock market, broke the 6,900 mark, closing at 6,936.99 on April 4th. This represents a 338.12-point (5.12%) increase from the previous trading day. The domestic stock market experienced a significant surge, propelled by strong semiconductor stocks, leading the KOSPI to breach the 6,900 level for the first time. The index is now just 63 points shy of the 7,000 mark.

SK Hynix saw a 12.52% jump, reaching 1.45 million won during trading hours, while Samsung Electronics also rose 5.44%. SK Hynix's market capitalization surpassed 100 trillion won for the first time. The combined market capitalization of listed companies from the top 10 business groups exceeded 4,000 trillion won, reaching 4,077.2 trillion won, with Samsung Group and SK Group listed companies accounting for a combined 3,000 trillion won. SK Square surged 17.84%, and other stocks such as LG Energy Solution (2.50%), Hanwha Aerospace (3.39%), Hyundai Motor (1.51%), and Kia (1.45%) also advanced. Securities firms like Mirae Asset Securities (8.49%) and Kiwoom Securities (6.16%) also saw gains.

The rise in the domestic stock market is attributed to a combination of factors, including positive earnings reports from US tech stocks, inflows of buying interest into artificial intelligence (AI) and semiconductor-related stocks, and a mitigation of geopolitical risks.

The KOSDAQ index closed at 1,213.74, up 21.39 points (1.79%) from the previous trading day. On the KOSDAQ market, foreign investors were net buyers with 555.6 billion won, while individual investors were net sellers with 448.8 billion won. Institutions were net sellers of 73.6 billion won.