KOSPI Closes at Record High of 8,864... SK hynix Sets New All-Time High

SK hynix Hits "250nix" Milestone
KOSDAQ Also Rallies Led by Pharmaceuticals and Biotech Stocks

The KOSPI closed at an all-time high on June 17. SK hynix reached the so-called "250nix" milestone, setting a new record high.

On this day, the KOSPI index ended at 8,864.24, up 137.6 points (1.58%) from the previous trading day. The KOSPI opened at 8,622.13, down 104.4 points (1.20%), but after paring early losses, it turned upward. Foreign investors were net sellers of KRW 996.1 billion, but institutional investors and individuals were net buyers of KRW 581.8 billion and KRW 542.6 billion, respectively, which helped lift the index.

By sector, electrical and electronics (2.75%), entertainment and culture (2.15%), insurance (2.14%), manufacturing (2.04%), and pharmaceuticals (1.82%) saw gains. On the other hand, construction (-5.57%) and metals (-2.77%) closed weaker.

Among large-cap stocks, SK Group shares and semiconductor stocks were particularly strong. SK Square (6.33%) and SK Inc. (5.20%) both rose. Notably, SK hynix climbed 5.84% to close at KRW 2,521,000, reaching another record high. Samsung Life Insurance (3.71%), Hanwha Aerospace (3.47%), Hanwha Ocean (3.02%), and Samsung Biologics (2.78%) also advanced.

Jeongeun Lim, a researcher at KB Securities, commented, "With the acceleration of investment into the U.S., some beneficiaries in strategic industries such as nuclear power, shipbuilding, and semiconductors saw a preliminary response." She added, "The results of the U.S. Federal Open Market Committee (FOMC) meeting and the first press conference by Federal Reserve Chair Kevin Warsh, both scheduled for June 17 (local time), will be key variables determining the short-term direction."

On the 17th, the KOSPI index was displayed on the status board in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Yonhap News Agency

In contrast, KB Financial Group (-4.65%), Hyundai Mobis (-4.39%), Hyundai Motor Company (-3.44%), and Shinhan Financial Group (-3.37%) declined. Weakness in some financial and automotive stocks limited the index's gains.

The KOSDAQ index closed at 1,031.96, up 13.28 points (1.30%) from the previous trading day. Foreign investors were net buyers of KRW 28.6 billion, while institutions and individuals were net sellers of KRW 15.4 billion and KRW 20.3 billion, respectively.

Among the top KOSDAQ stocks by market capitalization, biotech stocks stood out. D&D Pharmatech soared 18.01%, while ABL Bio (9.73%), Kolon TissueGene (7.42%), Alteogen (5.82%), HLB (5.07%), Fadu (5.05%), and LIG Chem Bio (4.58%) also rose. In contrast, HPSP (-5.28%), Jusung Engineering (-2.87%), and Robotis (-1.75%) closed weaker.

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