KOSPI Sets New All-Time Closing High, Surpasses Previous Record

Closed at 8,476.15
KOSDAQ Declines

On May 29, the KOSPI index closed at a record high. Driven by institutional buying, it surpassed the previous all-time high closing level.

On this day, the KOSPI finished trading at 8,476.15, up 290.86 points (3.55%) from the previous session. This surpasses the previous record closing high of 8,228.7. At around 2:34 p.m., the index exceeded the previous peak of 8,457.09, reaching 8,469.43, and after fluctuating, it soared at the close as foreign investors made heavy purchases of about 670 billion won in the closing auction.

By investor type, institutions made net purchases of 2.6232 trillion won, contributing to the record high finish. Individual investors recorded a net sell of 1.8777 trillion won. Foreign investors had net sold 1.5558 trillion won before the closing auction, but switched to net buying during the auction, resulting in a net sell of 885.3 billion won for the day.

Yonhap News Agency

By sector, performance was mixed. Insurance rose by 5.19%, electronics and electrical by 4.54%, retail by 3.77%, telecommunications by 3.62%, transport equipment and parts by 2.89%, and construction by 2.34%. On the other hand, medical and precision instruments fell by 3.36%, paper and wood by 2.29%, non-metallic materials by 1.56%, and metals by 1.36%.

Most of the top market cap stocks rose. LG Electronics climbed 29.9%, Samsung Electro-Mechanics 15%, Hyundai Mobis 12.2%, Samsung Life Insurance 9%, Samsung C&T 8.3%, and Hyundai Motor 7.2%. In contrast, Hanwha Aerospace fell by 2.2% and Hanmi Semiconductor by 3.4%. Samsung Electronics and SK hynix each gained 5.6% and 1.9%, respectively.

Meanwhile, the KOSDAQ index dropped by nearly 3%. The KOSDAQ closed at 1,074.8, down 29.56 points (2.68%) from the previous session. By investor type, individuals made net purchases of 398.7 billion won, but foreign investors and institutions recorded net sales of 95.5 billion won and 303.2 billion won, respectively.

Most of the top KOSDAQ stocks also declined. EO Technics fell by 5.6%, Peptron by 4.5%, Seojin System by 3.9%, Jusung Engineering by 3.8%, Ecopro by 3.5%, and ABL Bio by 2.3%. In contrast, Robotis rose by 10.2%, Hyundai Movex by 5.7%, and Simmtech by 1.6%.

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,507.9 won, up 5.1 won from the previous session.

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