PiCK

KOSPI breaks above 5,000 for the first time ever

Source

Korea Economic Daily

Summary

The KOSPI index broke above the 5,000 mark, reaching 5,001.97 and hitting the long-awaited milestone.
Samsung Electronics and SK hynix rose more than 3%, while other top market-cap stocks such as Hyundai Motor, LG Energy Solution, Kia and Doosan Enerbility also moved higher.
At the same time, the Kosdaq index also jumped 1.37% to 964.31.

Forecast Trend Report by Period

The KOSPI index has broken above the 5,000 mark.

According to the Korea Exchange on the 22nd, the KOSPI was up 1.87% at 5,001.97 as of around 9:01 a.m. It hit the long-awaited 5,000 level shortly after the open.

Samsung Electronics and SK hynix, bellwethers of the local market, were up more than 3%.

Other top market-cap stocks were also broadly higher, including Hyundai Motor (5.83%), LG Energy Solution (0.83%), Kia (1.5%) and Doosan Enerbility (2.74%).

At the same time, the Kosdaq index was also surging 1.37% to 964.31.

By Jo Ara rrang123@hankyung.com