The KOSPI, which has been persevering with its record-high rally day after day, surpassed 4,000 trillion gained in market capitalization intraday for the primary time in historical past on Jan. 16. As of 11:09 AM on this present day, the KOSPI market capitalization stands at 4,009 trillion 945.5 billion gained.
Based on the Korea Alternate, that is the primary time in historical past that KOSPI market capitalization has exceeded 4,000 trillion gained throughout buying and selling hours. This comes roughly three months after surpassing 3,000 trillion gained based mostly on closing costs on Oct. 15 final 12 months.
The power of semiconductor shares following favorable winds from U.S. expertise shares is pushing up the KOSPI, with market capitalization swelling together with it.
The KOSPI stood at 4,833.32 as of two:04 PM on Jan. 16, up 35.77 factors (0.75%) from the earlier session, renewing report highs for 11 consecutive buying and selling days.
Samsung Electronics (3.54%) approached 150,000 gained intraday, renewing its all-time excessive, whereas SK Hynix (0.93%) can also be rising.
