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.
Russian President Vladimir Putin said on Tuesday that Moscow does not seek a war with European powers, but is ready to fight if Europe chooses confron...
Azerbaijan’s Deputy Foreign Minister Yalchin Rafiyev says COP31 in Türkiye will strengthen regional climate cooperation, with Baku ready to share i...
President Nicolas Maduro on Tuesday approved a migrant repatriation flight from the United Sates days after Caracas said comments by U.S. President Do...
The FIFA Arab Cup 2025 has officially kicked off, bringing together 16 national teams from across the Arab world in a celebration of culture, competit...
Ukrainian President Volodymyr Zelenskyy said on Tuesday that he expects to hear from U.S. negotiators soon after they conclude their meetings in Mosco...
Tajikistan’s President Emomali Rahmon has held an emergency meeting with the country’s security leadership following the death of five people at the Tajik Afghan border.
Chinese AI startup DeepSeek has introduced its newest model, DeepSeek-V3.2-Speciale, claiming it can perform some tasks as well as the latest models from Google DeepMind and OpenAI.
NATO Chief Mark Rutte repeated on Tuesday that the consensus needed for Ukraine to join the alliance is not there at the moment.
Belgian police have raided the EU’s diplomatic service and the College of Europe as part of a corruption probe into an EU-funded training academy for diplomats, detaining three suspects and searching multiple premises, according to Politico.
A four-part docuseries executive produced by Curtis '50 cent' Jackson and directed by Alexandria Stapleton on Netflix is at the centre of controversy online.
Security concerns across Central Asia have intensified rapidly after officials in Dushanbe reported a series of lethal incursions originating from Afghan soil, marking a significant escalation in border violence.
Moscow and Kyiv painted very different pictures of the battlefield on Sunday, each insisting momentum was on their side as the fighting around Pokrovsk intensified.
Russia has claimed a decisive breakthrough in the nearly four-year war, with the Kremlin announcing the total capture of the key logistics hub of Pokrovsk just hours before United States mediators were due to arrive in Moscow.
U.S. President Donald Trump confirmed on Sunday that he had spoken with Venezuelan President Nicolas Maduro, but did not provide details on what the two leaders discussed.
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment