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| / Korea Exchange |
South Korea’s benchmark KOSPI closed just 2.45 points short of the 4,800 level on Thursday, extending its rally to a 10th straight session as foreign and institutional buying gathered pace.
According to the Korea Exchange, the KOSPI finished at 4,797.55, up 74.45 points, or 1.58%, from the previous session. The index opened lower but turned positive within minutes, later hitting an intraday high at the close after touching a low of 4,705.44.
As of 3:31 p.m., individual investors sold a net 1.82 trillion won worth of shares, while foreigners and institutions bought a net 334.4 billion won and 1.30 trillion won, respectively. Institutional investors have been net buyers on the KOSPI for five consecutive sessions.
Most heavyweight stocks advanced. Samsung Electronics rose 2.57%, SK hynix gained 0.94%, and LG Energy Solution added 0.64%. Hyundai Motor climbed 2.55%, while Kia jumped 6.64%. Only Doosan Enerbility slipped slightly, down 0.11%.
The tech-heavy KOSDAQ also ended higher, rising 0.95% to 951.16. The index traded between 937.74 and 951.48 during the session. Foreign investors were net buyers of 267.9 billion won, offsetting net selling by individuals and institutions.
All top 10 KOSDAQ-listed stocks closed in positive territory, led by a 13.07% surge in Rainbow Robotics, alongside gains in biotech and battery-related shares.
In the currency market, the won strengthened, with the won–dollar exchange rate closing at 1,449.70, down 7.80 won from the previous session, according to the Korea Exchange.