KOSPI regains 7,000 as Samsung Electronics shares surge on record chip exports
The benchmark KOSPI reclaimed the 7,000 mark on Monday for the first time in seven sessions, lifted by a sharp rise in Samsung Electronics shares after Korea reported record semiconductor exports in September. According to the Korea Exchange, the main index opened at 6,938.34, up 0.64 percent from the previous close, and remained in positive territory throughout the day. It closed at 7,007.72, up…
The KOSPI index reclaimed the 7,000 mark for the first time in seven days on Monday, propelled by a surge in Samsung Electronics shares. Following Korea's announcement of record semiconductor exports in September, the main index opened at 6,938.34, a 0.64 percent increase from the previous close. Throughout the day, the index remained in positive territory, closing at 7,007.72, marking a 1.65 percent gain.
According to the Korea Customs Service, total exports reached $71.4 billion from September 1 through September 20, a 78.3 percent increase compared to the previous year. Notably, chip exports more than tripled to $34.12 billion, a 259.4 percent rise that set a new monthly record.
Institutional investors led the buying spree, accumulating a net 1.49 trillion won ($1.08 billion) in shares. Conversely, retail investors and foreign investors were net sellers, offloading 2.98 trillion won and 160.2 billion won worth of shares, respectively.
Samsung Electronics spearheaded the rally, soaring as much as 5.36 percent intraday before ultimately closing at 274,000 won, a 4.98 percent increase. SK hynix also experienced growth, albeit more modestly, concluding at 1.87 million won.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
