South Korea's main stock index, the Korea Composite Stock Price Index (KOSPI), rose by 35.19 points, or 1.23%, on Wednesday, closing at 2,907.04. This marks its highest closing level since 14 January, 2022, when it reached 2,921.92 points.
Strong gains in the technology and automotive sectors, along with continued interest from foreign investors, drove the market’s rally. A total of 383.5 million shares were traded, with a turnover of 12.3 trillion won (approximately $9 billion). Advancing stocks outnumbered decliners by a ratio of 600 to 281.
Top Gainers
In the technology sector, Samsung Electronics rose by 1.18% to 59,900 won, while chipmaker SK Hynix climbed 4.12% to 240,000 won.
Among automotive giants, Hyundai Motor gained 2.03% to 201,000 won, and Kia advanced 2.54% to 96,900 won. Auto parts manufacturer Hyundai Mobis jumped 4.91% to 288,500 won.
Doosan Enerbility, active in the nuclear energy sector, surged 6.46% to 51,100 won. Kakao, operator of South Korea’s most popular mobile messaging app, increased by 2.8% to 51,400 won.
Decliners
Profit-taking led to declines in defence and shipbuilding stocks. Hanwha Aerospace dropped 3.31% to 905,000 won, and HD Hyundai Heavy Industries fell 2.11% to 418,000 won.
The financial sector also showed weakness. KB Financial declined 3.34% to 107,200 won, while Shinhan Financial slid 1.81% to 59,800 won.
Market participants remain optimistic for upcoming sessions, focusing on continued foreign investment inflows and strong performance in the technology sector.
Apple (AAPL.O) on Tuesday opened its annual showcase, where it is expected to reveal a new range of iPhones, including a slimmer “Air” model that ...
Israel’s airstrike on Hamas officials in Doha drew global condemnation on Tuesday, with Qatar calling it a violation of its sovereignty and the UN u...
French President Emmanuel Macron is searching for his fifth prime minister in less than two years after opposition parties combined to oust centre-rig...
Israeli Army has confirmed it carried out precision attacks against top leadership of Hamas in Doha on Tuesday. It made this known in a post on its X ...
François Bayrou formally submitted his resignation as France’s prime minister to President Emmanuel Macron on Tuesday, a day after losing a confide...
Apple (AAPL.O) on Tuesday opened its annual showcase, where it is expected to reveal a new range of iPhones, including a slimmer “Air” model that could foreshadow the launch of a folding phone next year.
French President Emmanuel Macron is searching for his fifth prime minister in less than two years after opposition parties combined to oust centre-right leader François Bayrou over his unpopular budget-cutting plans.
Israeli Army has confirmed it carried out precision attacks against top leadership of Hamas in Doha on Tuesday. It made this known in a post on its X account.
François Bayrou formally submitted his resignation as France’s prime minister to President Emmanuel Macron on Tuesday, a day after losing a confidence vote in the National Assembly, the government website confirmed
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
The U.S. will lower tariffs on Japanese cars and auto parts by 16 September under a trade deal formalised by President Donald Trump, Japan’s chief negotiator said Tuesday.
U.S.-based satellite communications provider EchoStar has agreed to sell spectrum licences worth approximately $17 billion to SpaceX.
Chinese President Xi Jinping has described economic globalisation as an “irresistible trend of history,” emphasising the importance of multilateralism amid tariffs imposed by U.S. President Donald Trump.
European stock markets closed Monday with gains as investors focused on a confidence vote in the French parliament.
Russian energy giant Gazprom has signed agreements with Kazakhstan and Mongolia to boost gas cooperation, including increased deliveries to Kazakhstan in 2025–2026 and a study on gasification in Mongolia’s capital, Ulaanbaatar.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment