The era of '6,000 KOSPI' begins…KOSPI closes up 1.91% at 6,083.86

Source
Korea Economic Daily

Summary

  • The KOSPI index was reported to have opened the era of the first-ever '6,000 KOSPI (KOSPI index 6,000)'.
  • It said the KOSPI closed at 6,083.86, up 1.91%, supported by buying from institutions and retail investors.
  • It reported that while strength in semiconductor shares continued, auto stocks surged.

First-ever '6,000 KOSPI' milestone…also topped 6,100 intraday

Photo=Shutterstock
Photo=Shutterstock

The KOSPI index on the 25th ushered in the era of the '6,000 KOSPI' (KOSPI index 6,000) for the first time ever. Buying by institutions and retail investors pushed the benchmark higher. With strength in semiconductor shares continuing, auto stocks surged.

On the day, the KOSPI ended trading at 6,083.86, up 114.22 points (1.91%). It broke above 6,000 at the open and even surpassed 6,100 intraday. It later slipped back below the 6,100 level as profit-taking emerged, paring some of the gains.

Han Kyung-woo, Hankyung.com reporter case@hankyung.com

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Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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