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.
An Air India flight en route from Thailand’s Phuket to New Delhi made an emergency landing on Friday following a bomb threat, prompting a full-scale evacuation of 156 passengers.
Iran has announced it will not participate in the upcoming round of nuclear negotiations with the United States, citing Washington’s support for Israel as a key reason.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 13th, covering the latest developments you need to know.
With Iranian, Iraqi and Israeli skies abruptly restricted, Heydar Aliyev International Airport stepped in as a regional lifeline on Friday morning, safely receiving a stream of diverted jets from six international carriers and underscoring Baku’s capacity to reroute air traffic in a crisis.
Republican Senator Roger Wicker has warned Iran against targeting American troops amid rising tensions in the Middle East, saying the U.S. military is prepared for any retaliatory strikes.
An Air India flight en route from Thailand’s Phuket to New Delhi made an emergency landing on Friday following a bomb threat, prompting a full-scale evacuation of 156 passengers.
Foreign ministers from major European nations expressed readiness to increase pressure on Russia, including potential new sanctions targeting the energy and banking sectors, to undermine its war efforts in Ukraine.
Iran has announced it will not participate in the upcoming round of nuclear negotiations with the United States, citing Washington’s support for Israel as a key reason.
The U.S. dollar advanced on Friday as investors rushed back into the currency and other safe-haven assets including U.S. Treasury bonds and gold after Israel launched widescale strikes against Iran, sparking Iranian retaliation.
A USAID official and three business owners pleaded guilty to a 10-year bribery scheme involving at least 14 prime contracts worth over $550 million in U.S. taxpayer dollars.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
The U.S. dollar advanced on Friday as investors rushed back into the currency and other safe-haven assets including U.S. Treasury bonds and gold after Israel launched widescale strikes against Iran, sparking Iranian retaliation.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
The U.S. Energy Information Administration (EIA) has slightly increased its forecast for Brent crude oil prices in 2025, despite expectations of growing global stockpiles.
An Air India flight en route from Thailand’s Phuket to New Delhi made an emergency landing on Friday following a bomb threat, prompting a full-scale evacuation of 156 passengers.
Foreign ministers from major European nations expressed readiness to increase pressure on Russia, including potential new sanctions targeting the energy and banking sectors, to undermine its war efforts in Ukraine.
Iran has announced it will not participate in the upcoming round of nuclear negotiations with the United States, citing Washington’s support for Israel as a key reason.
The U.S. dollar advanced on Friday as investors rushed back into the currency and other safe-haven assets including U.S. Treasury bonds and gold after Israel launched widescale strikes against Iran, sparking Iranian retaliation.
A USAID official and three business owners pleaded guilty to a 10-year bribery scheme involving at least 14 prime contracts worth over $550 million in U.S. taxpayer dollars.
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