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5d ago

KOSPI Vaults Above 3,300 to Four-Year Intraday High on Tech Surge

Rate-cut hopes with signs of capital-gains tax relief drew heavy foreign and institutional buying.

This photo taken on Sept. 8, 2025, shows the dealing room of Hana Bank in central Seoul right after the opening of the stock market. (Yonhap)
A financial data screen in the dealing room of Hana Bank in Seoul on Sept. 10, 2025, shows the benchmark Korea Composite Stock Price Index having gained 54.48 points, or 1.67 percent, to close at an all-time high of 3,314.53. South Korea's benchmark stock index refreshed its all-time record amid growing expectations that President Lee Jae Myung may reverse a controversial tax hike proposal. (Yonhap)
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This photo taken on Sept. 8, 2025, shows the dealing room of Hana Bank in central Seoul right after the opening of the stock market. (Yonhap)

Overview

  • South Korea’s benchmark index pushed past 3,300 on Sept. 10 to a four-year intraday high, led by gains in large-cap chip stocks such as Samsung Electronics and SK hynix.
  • The rally extended a six-session advance that set a yearly closing high of 3,260.05 on Sept. 9.
  • By midday Wednesday, foreign investors had bought about 860.9 billion won of KOSPI shares and institutions 607 billion won, while retail investors sold roughly 1.45 trillion won.
  • Investor sentiment improved on reports the presidential office would keep the 5 billion won threshold for capital-gains tax on major shareholders, with a final direction expected at President Lee Jae Myung’s 100-day press conference Thursday.
  • Wall Street gains and weaker U.S. jobs data reinforced expectations of imminent Fed rate cuts, while the won traded near 1,390 per dollar and earlier declines in autos contrasted with profit-taking in some battery and chemical names.