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KOSPI Closes at Record 3,657 as Chip and Biotech Gains Power Breakout

Foreign plus institutional demand lifted shares on signals of easier Fed liquidity.

Overview

  • South Korea’s benchmark finished at 3,657.28, up 2.68%, topping 3,600 for the first time and pushing KOSPI’s market value above 3,000 trillion won.
  • Institutional investors bought a net 751.8 billion won and foreign investors 162.7 billion won, while retail investors sold 970.5 billion won.
  • Blue chips led the advance, with Samsung Electronics up 3.71%, SK hynix up 2.67%, and Samsung Biologics up 9.74%; defense names such as Hyundai Rotem and Hanwha Aerospace also gained.
  • Traders cited Federal Reserve Chair Jerome Powell’s comments about nearing “ample” reserves and a potential end to quantitative tightening alongside renewed U.S.–China trade tensions.
  • Cross‑market moves confirmed risk appetite, with the won strengthening to 1,421.3 per dollar and government bond yields slipping on three‑ and five‑year tenors.