KOSPI breaks 5,900 points for the first time in history... Semiconductor industry performs strongly

South Korea’s KOSPI Composite Index first surpassed the 5900-point mark in history, closing at the 5840-point range, continuing its strong performance. The stock market opened with an immediate rise, reaching a high of 5931.86 points, but then retreated most of the gains due to some profit-taking sell-offs.

Analysts believe that the recent rise in KOSPI is driven by positive economic indicators in global markets and solid performance from major companies. In particular, IT and semiconductor-related stocks continued to strengthen, leading the index higher. However, concerns about inflation and the possibility of the U.S. Federal Reserve adjusting interest rate policies have put pressure on the market, limiting the gains.

On the other hand, the KOSDAQ index declined slightly, showing a mixed trend. The KOSDAQ closed at 1151.99 points, down 2.01 points (0.17%) from the previous trading day. This reflects weakness in some biotech and entertainment sector stocks.

This market trend may change due to factors such as individual company earnings releases and volatility in the foreign exchange market. Investors are especially watching global economic conditions and central bank policy directions, maintaining a cautious stance.

It is expected that this dynamic market will continue to evolve with future domestic and international economic indicators and interest rate changes. Whether the current strength can be sustained remains uncertain, but it seems to remain a key focus for market participants.