[Closing Market] KOSPI Surges Above 5,600 on AI Optimism
On Oct. 27, the domestic stock market shook off the sluggishness of the previous trading day and closed with a powerful rebound rally. In the New York stock market overnight, tech-focused investor sentiment improved significantly in tandem with expectations for the initial public offering (IPO) of A
On October 27, South Korea's KOSPI stock index surged above 5,600 points, marking a strong rebound rally following a sluggish previous trading day. The rally was fueled by improved tech investor sentiment and expectations for AI company Anthropic's initial public offering (IPO). The KOSPI index closed at 5,638.34 points, up 168.87 points (3.09%) from the previous day's close of 5,469.47 points.
Foreign and institutional investors led the buying momentum, contributing to the massive inflow of low-price buying. The KOSDAQ market also rebounded, closing at 743.83 points (2.29%) higher, marking its first uptrend in four trading days. Semiconductor bellwethers, particularly Samsung Electronics and SK hynix, played a key role in the strong market performance, with Samsung Electronics rebounding sharply and SK hynix showing a significant increase.
Other major tech stocks, including LG Energy Solution, Hyundai Motor, and KB Financial Group, also posted gains.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
