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

Closed at 8,476.15
KOSDAQ Declines

On May 29, the KOSPI index set a new all-time closing high. Driven by strong institutional buying, it surpassed its previous record to reach the highest closing value ever recorded.

The KOSPI experienced extreme intraday volatility and ended the session with a slight decline around the 8,180 level.

On this day, the KOSPI closed at 8,476.15, up 290.86 points (3.55%) compared to the previous day. This surpassed the previous all-time closing high of 8,228.7. At around 2:34 p.m., the index exceeded its previous intraday high of 8,457.09, reaching 8,469.43. After fluctuating, the KOSPI soared in the closing auction as foreign investors made a last-minute buying surge worth approximately 670 billion won.

By investor category, institutions made net purchases totaling 2.6232 trillion won, contributing to the record-high close. Individual investors made net sales of 1.8777 trillion won. Foreign investors were net sellers of 1.5558 trillion won before the closing auction, but switched to net buying during the closing auction, ending the day with a net sale of 885.3 billion won.

Yonhap News Agency

By sector, performance was mixed. Insurance rose by 5.19%, electronics and electrical by 4.54%, distribution by 3.77%, telecommunications by 3.62%, transportation 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-metal by 1.56%, and metal by 1.36%.

Most of the top market cap stocks rose. LG Electronics jumped 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 dropped 3.4%. Samsung Electronics and SK hynix rose by 5.6% and 1.9%, respectively.

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

Most of the top KOSDAQ market cap 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%. On the other hand, 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 day.

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