KOSPI Closes at All-Time High, Settles Above 4,100 [fn Closing Market Report]

[Financial News] The Korea Composite Stock Price Index (KOSPI) has settled above the 4,100 mark.
According to the Korea Exchange (KRX) on the 31st, the KOSPI closed at 4,107.50, up 0.50% from the previous trading day. Opening at 4,083.25, down 0.09% from the previous session, the KOSPI fluctuated during morning trading but ultimately turned upward and finished higher.
In the main stock market, institutional investors purchased 701.1 billion won worth of shares. In contrast, individuals and foreign investors sold 102 billion won and 557.3 billion won worth of shares, respectively.
Among the top market cap stocks, Samsung Electronics (up 3.27%), Hyundai Motor (up 9.43%), and Naver Corporation (up 4.70%) closed higher. On the other hand, SK hynix (down 1.58%), LG Energy Solution (down 2.77%), and Hanwha Aerospace (down 1.51%) ended lower.
By sector, Information Technology Services (up 4.31%), Entertainment and Culture (up 2.93%), and Transportation and Warehousing (up 1.96%) posted gains. Conversely, metal (down 2.24%), insurance (down 1.35%), and nonmetal (down 1.06%) declined.
Lee Jae-won, a researcher at Shinhan Securities, explained, "KOSPI surpassed the 4,100 mark as the South Korea–United States Tariff Negotiations, one of the biggest volatility factors this year, concluded amicably. Additionally, the meeting between Jensen Huang, CEO of Nvidia Corporation, Lee Jae-yong, Chairman of Samsung Electronics, and Chung Eui-sun, Chairman of Hyundai Motor, heightened expectations for concrete industrial cooperation among the three companies, boosting related sectors."
On the same day, the Korean Securities Dealers Automated Quotations (KOSDAQ) closed at 900.42, up 1.07% from the previous session.
In the KOSDAQ market, foreign and institutional investors bought 169.9 billion won and 148.6 billion won worth of shares, respectively, while individuals sold 298.8 billion won worth.

hippo@fnnews.com Kim Chan-mi Reporter