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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13rd of March, coveri...
A widening conflict involving Iran, the United States and Israel has triggered escalating military strikes across the Middle East, disrupted shippi...
North Korea fired what appeared to be a ballistic missile on Saturday (14 March), Japanese and South Korean off...
Palestinian actor Motaz Malhees has said a U.S. travel ban is preventing him from attending the 2026 Academy Aw...
All six U.S. service members aboard a plane that crashed in western on Iraq on Thursday have died, the U.S. mil...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13rd of March, covering the latest developments you need to know.
A widening conflict involving Iran, the United States and Israel has triggered escalating military strikes across the Middle East, disrupted shipping through the strategic Strait of Hormuz and raised concerns over global energy supplies. This live report tracks the latest developments.
North Korea fired what appeared to be a ballistic missile on Saturday (14 March), Japanese and South Korean officials said. The development comes amid the joint annual U.S.-South Korea "Freedom Shield" military drills and South Korean Prime Minister Kim Min-seok's visit to Washington.
Palestinian actor Motaz Malhees has said a U.S. travel ban is preventing him from attending the 2026 Academy Awards this Sunday (15 March), where a film in which he stars is nominated for best international feature.
Israel and Iran continued to exchange strikes on Friday (13 March), as the U.S. and French militaries reported deaths in Iraq, and the U.N. launched a $325 million appeal to help Lebanon, where a seventh of the population have left their homes since fighting began.
Israeli Prime Minister Benjamin Netanyahu issued veiled threats to Iran’s new Supreme Leader, Mojtaba Khamenei, and Hezbollah on Thursday (12 March), during his first press conference since the conflict with Iran began.
The U.S. should shut down its military bases in the Middle East, Iran's new Supreme Leader Mojtaba Khamenei said on Thursday (12 March). His words were read out by a broadcaster on state Iranian television.
At least 64 people have been killed in southern Ethiopia following recent landslides and floods, the regional government’s communications office said on Thursday (12 March), citing local police
Ayman Ghazali, a 41-year-old U.S. citizen born in Lebanon, crashed his truck into the hallway of a Detroit-area synagogue on Thursday (12 March) while children attended preschool. Security personnel shot him dead during the confrontation, and authorities said no one else was seriously injured.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
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