KOSPI Hits Record High... Stock Market Capitalization Surpasses 6,000 Trillion Won for the First Time (Comprehensive)

KOSPI Surpasses 6,600 Points for the First Time Ever During Trading Hours
Samsung Electronics and SK hynix Expected to Lead Further Gains

On the 27th, employees were monitoring the stock market and exchange rates in the dealing room at the headquarters of Hana Bank in Jung-gu, Seoul. On the same day, the KOSPI reached an all-time intraday high of 6600. Photo by Yonhap News Agency

As the bull market continues, the total market capitalization of the Korean stock market has surpassed 6,000 trillion won for the first time in history. With the share prices of Samsung Electronics and SK hynix, the two leading stocks in the market, continuing to rise, the KOSPI exceeded 6,600 points during intraday trading for the first time on record.

According to the Korea Exchange on April 27, as of the morning, the total market capitalization of the domestic stock market stood at 6,031.9678 trillion won. By market, the KOSPI market capitalization was 5,354.3616 trillion won, while the KOSDAQ and KONEX markets recorded 673.9679 trillion won and 3.6383 trillion won, respectively. This marks the first time in history that the total market capitalization of Korea's stock market has surpassed 6,000 trillion won.

With the Korean stock market continuously reaching new all-time highs, the overall market capitalization has expanded rapidly. On this day, the KOSPI opened at 6,533.60, up 0.90% from the previous trading session, and gained further to reach an intraday all-time high of 6,603.01. This is the first time the KOSPI has ever surpassed the 6,600-point mark.

The KOSDAQ also opened at 1,213.13, up 0.77% from the previous session, and was trading at 1,223.63 as of 10:09 a.m., up 1.64%. After surpassing the 1,200-point level for the first time in 25 years last Friday, the KOSDAQ has maintained its upward momentum. The won-dollar exchange rate opened at 1,477.6 won, down 6.9 won from the previous session, and dropped to the 1,475-won range as the stock market rally continued.

The upward momentum of Samsung Electronics and SK hynix, which have been driving the record highs in the Korean stock market, continued on this day. As of 10:11 a.m., Samsung Electronics was trading at 223,250 won, up 1.71%. At the same time, SK hynix was trading at 1,286,000 won, up 5.24%, reaching a new all-time high. Shares of LS ELECTRIC (up 9.49%) and Hyosung Heavy Industries (up 9.46%), both in the electric equipment sector, also surged. In contrast, LG Energy Solution (down 3.33%), Hanwha Aerospace (down 0.89%), and Samsung Biologics (down 0.59%) were declining.

Experts assessed that the market continues its upward trend by focusing more on macroeconomic fundamentals and corporate earnings than on the uncertainties of war. Kyung Min Lee, a researcher at Daishin Securities, said, "While the direction toward an end to the war is clear, the global financial market’s sensitivity to the conflict has diminished." He forecasted, "The KOSPI’s rally to new all-time highs will continue, driven by a normalization of valuations based on earnings." Dae Jun Kim, a researcher at Korea Investment & Securities, emphasized, "As uncertainties in the Middle East subside, the stock market will once again focus on macroeconomic factors and corporate earnings."

This content was produced with the assistance of AI translation services.