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 level on Monday, marking a significant rally after Korea reported record semiconductor exports in September. The main index opened at 6,938.34, up 0.64 percent from the previous close, and finished at 7,007.72, marking a 1.65 percent increase. The surge was driven by a surge in Samsung Electronics shares, which saw a 4.98 percent rise, closing at 274,000 won.
The Korea Customs Service reported that exports totaled $71.4 billion from September 1st through the 20th, a 78.3 percent increase from the previous year. Notably, chip exports more than tripled to $34.12 billion, marking a 259.4 percent increase and setting a new monthly record. Institutional investors, including pension funds and endowments, led the buying spree, accumulating a net 1.49 trillion won in shares.
Retail investors and foreign investors, however, were net sellers, with positions totaling 2.98 trillion won and 160.2 billion won, respectively.
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.
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