KOSPI Hits Another Yearly High with Foreign and Institutional Buying... Closes at 3250 [fn Closing Market]

[Financial News] The KOSPI index rose for the sixth consecutive trading day, hitting another yearly high.
According to the Korea Exchange on the 30th, the KOSPI closed at 3254.47, up 23.90p (0.74%) from the previous trading day. It marked the highest closing price in four years since August 6, 2021, when it was 3270.36, setting a new yearly high.
Foreign and institutional buying drove the index's rise. On this day, foreigners and institutions net bought 633.2 billion won and 382.3 billion won, respectively, in the securities market. On the other hand, individuals net sold 1.0854 trillion won.
Samsung Electronics, which has been continuing its recent rally, rose more than 4% during the day, climbing to 73,700 won, leading the KOSPI's rise. Additionally, Kia and Hyundai Motor rose by 4.45% and 2.29%, respectively, attracting investor sentiment.
Kim Ji-won, a researcher at KB Securities, said, "With the KOSPI about 50p away from its all-time high, it remains to be seen whether the bullish trend can continue," adding, "There is a possibility of increased volatility as major events such as Samsung Electronics' and big tech earnings, and tariff negotiations are scheduled."
koreanbae@fnnews.com Bae Han-gul Reporter