Seoul shares continued their upward trend for the fourth consecutive day, reaching a new record high driven by a surge in technology and automobile stocks. The benchmark Korea Composite Stock Price Index (KOSPI) closed at an all-time high of 4,551.06, with the index briefly surpassing the 4,600-point mark during the trading session.
Market analysts attributed the record gains to strong performances in automobile, semiconductor, and shipbuilding stocks. Major companies like Samsung Electronics, SK hynix, Hyundai Motor, and Kia saw significant increases in their stock prices, contributing to the overall market rally.
Foreign investors played a key role in the market, purchasing a substantial amount of stocks. Despite some sectors experiencing declines, the overall market sentiment remained positive, with technology and auto stocks leading the way in the rally.
