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KOSPI Notches Ninth Straight Gain, Sets Record Close at 3,395 on Chip Rally

Foreign buying surged on chip strength.

Overview

  • The benchmark index rose 1.54% to 3,395.54, marking a third consecutive record close and a nine-session winning streak.
  • Semiconductor and large-cap tech stocks led the advance following an AI-driven upswing on Wall Street and rising expectations of a U.S. rate cut next week.
  • Foreign investors bought more than 1.4 trillion won and institutions also added exposure, while retail investors took profits.
  • Samsung Electronics hit a yearly high and SK hynix logged a record close, with Kakao and Naver gaining as shipbuilders eased after recent rallies.
  • Volumes were moderate, the won firmed slightly, and government bond yields ticked up; some crypto analysts flagged KOSPI records as a cautionary signal for Bitcoin without asserting causation.