South Korean stocks reached a new peak, with the benchmark KOSPI closing above 4,800 points after an 11-session winning streak driven by strong demand for semiconductor shares. The index rose by 43.19 points to end at a record 4,840.74, setting an intraday high of 4,863.82 before the close.
This winning streak, which began at the start of the year, has seen the KOSPI surge nearly 15 percent, starting from 4,300 points on January 2. The market capitalization surpassed 4,000 trillion won for the first time, reflecting the sustained uptrend.
Foreign and institutional investors played a significant role in the rally, while retail investors were net sellers. Samsung Electronics led the gains, propelling the market to new heights, with positive performances seen in semiconductor and energy shares.
