KOSPI tops 4,200 mark after...
Updated : 2025-11-03 19:18:20 KST
KOSPI tops 4,200 mark after APEC Korea clears geopolitical uncertainty
The South Korean stock market hit a new high on this Monday boosted by widespread optimism over future business endeavors amid various pledges of economic partnerships during last week's APEC gathering. Oh Soo-young reports. Korea's benchmark KOSPI hit a historic milestone on Monday, surpassing the 4,200 mark for the first time during trading. The index opened zero-point-three-nine percent higher, at 4,123.3-6, and surged to 4,221.87 at closing, 2-point-78 up from the previous day of trading.
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It comes just five trading days after crossing 4,000. The rally was driven by individual investors, snapping up over 650 billion won worth of shares, or around 455 million U.S. dollars. Large-cap stocks accounted for the surge. Samsung Electronics gained 3.35 percent, hitting the symbolic 110-thousand mark for the first time. But what stole the show was SK hynix. The semiconductor company jumped 10.95 percent to top the 600-thousand won level, backed by stronger profit forecasts from analysts. Market sentiment is improving after several major developments during the APEC forum hosted in Gyeongju City last week.
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snap up 덥석 사다[잡아채다]
Large-cap stocks 대형주
steal the show 관심[인기]을 독차지하다
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The Korea–U.S. summit on the sidelines concluded follow-up tariff talks, before the U.S. and China agreed to avoid further escalation in their trade dispute, helping stabilise business prospects. Nvidia CEO Jensen Huang's first visit to Korea in 15 years also added momentum. He pledged to supply 260-thousand GPUs to the Korean government and local firms, signaling stronger cooperation in chips and AI. "Across the world, for all companies and investors, there's only one keyword needed to attract investment that's AI.
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Whether it's the U.S., Japan, or Korea, you can't talk about money now without mentioning AI. If you trace back all this talk about AI-related facility investment, infrastructure investment, capital expenditure it's clear semiconductor-related firms have much to gain." Korea's blue chip KOSDAQ also gained 1.57 percent to 914.55, recovering to the 900-level. Experts say with key corporate earnings from shipbuilding, defense, and nuclear-energy sectors due this week, the KOSPI's upward trend is likely to continue.
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"Amid global power competition and supply chain realignment, the world truly needs Korea and that's being proven through actual money market movements. The KOSPI's growth rate this year alone is about 60 percent. If the index itself rose 60 points, it means many individual stocks have doubled or tripled." Still, there's a possibility of overheating after the rally, and U.S. monetary policy and liquidity shifts remain the key external risks in the near-term future. Oh Soo-young, Arirang News.
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영어 원문 출처 및 동영상 링크;
arirang news/Economy
https://m.arirang.com/news/view?id=288834
