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Kospi Closes at Record High as Tech Surge Lifts Seoul Market

Samsung's rally on reports of Nvidia's approval for its HBM chips drove the advance.

Overview

  • The benchmark index finished up 0.68% at 3,468.65, topping the previous record of 3,461.30 set last week.
  • Samsung Electronics jumped 4.77% to 83,500 won after local reports of Nvidia’s green light for its high-bandwidth memory, with SK hynix and auto names also higher.
  • Foreign investors bought a net 479 billion won and institutions added 264.8 billion won, while retail investors offloaded 765.8 billion won.
  • Market breadth was negative with losers outpacing gainers 545 to 332, and heavy industry lagged as HD Hyundai and POSCO Holdings declined.
  • The rally followed gains on Wall Street, and the won strengthened to 1,392.60 per U.S. dollar by mid-afternoon.