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| The Korea Exchange building in Yeouido, Seoul, on October 24. / Source: Yonhap News |
South Korea’s benchmark KOSPI index has broken the 4,000-point mark for the first time ever, setting a new record in the nation’s stock market history.
According to the Korea Exchange, the KOSPI stood at 4,015.84 as of 9:03 a.m. on Monday, up 58.20 points, or 1.48%, from the previous session’s close.
The index opened at 3,999.79, briefly touching the symbolic 4,000-point threshold moments after the market opened.
The combined market capitalization of Samsung Electronics and SK hynix also reached an all-time high, underscoring the strength of semiconductor stocks that have driven the rally.
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