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Kospi Closes at Record High as Tech Rally, Policy Hopes Fuel Eighth Straight Gain

Foreign-led demand strengthened on AI optimism after softer U.S. inflation.

Overview

  • The benchmark index rose 0.9% to 3,344.2, notching a new all-time high and an eight-session winning streak.
  • Foreign investors bought about 300 billion won and institutions purchased 812.3 billion won as retail traders sold roughly 1.1 trillion won for profit-taking.
  • President Lee Jae Myung signaled flexibility on a proposed cut to the capital-gains tax threshold, reinforcing sentiment around market revitalization.
  • Chip, battery, defense and shipbuilding names led gains, with SK hynix closing at a record 307,000 won alongside advances in Samsung Electronics, LG Energy Solution and Hanwha Aerospace.
  • U.S. producer prices fell for the first time in four months, boosting rate-cut bets; the won eased to 1,391.8 per dollar and bond yields slipped, while some crypto analysts noted past KOSPIBitcoin peaks have aligned, cautioning this pattern is not a definitive signal.