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KOSPI Sets Fresh Intraday Record Before Paring Gains

Rate-cut hopes following softer U.S. producer prices lifted tech-led shares.

Overview

  • The index climbed to 3,339.97 in early trade, topping Wednesday’s all-time intraday high of 3,314.53.
  • By late morning in Seoul it was nearly unchanged at 3,317.51 as early momentum faded.
  • Semiconductor and battery bellwethers led the advance, with Samsung Electronics, SK hynix and LG Energy Solution posting early gains.
  • Defense and shipbuilding stocks were firm, and food makers like Nongshim and Samyang Foods logged sharp intraday jumps.
  • Overnight U.S. equity gains and a PPI decline supported sentiment, and the won hovered around 1,388–1,389 per dollar as traders awaited the U.S. CPI release.