'Another Record High' KOSPI Closes at 4,221.87... Samsung Electronics and SK hynix Lead the Rally [fn Closing Market Summary]

[Financial News] The Korea Composite Stock Price Index (KOSPI) surged nearly 3% in a single day, surpassing the 4,220 mark for the first time ever. Samsung Electronics Co., Ltd. and SK hynix soared past 110,000 won and 620,000 won, respectively, driving the index’s sharp rise.
According to the Korea Exchange (KRX) on the 3rd, the KOSPI closed at 4,221.87, up 114.37 points (2.78%) from the previous session. The index opened at 4,123.36, up 0.39%, and expanded its gains in the afternoon to finish at a record high.
In the main stock market, individual investors purchased 950.8 billion won worth of shares, lifting the index. Foreign investors and institutions were net sellers, offloading 911.5 billion won and 21.4 billion won, respectively.
By sector, electronics (up 5.42%), utilities (up 4.90%), and manufacturing (up 3.47%) advanced, while transportation and storage (down 2.85%), construction (down 2.43%), and textiles and apparel (down 1.76%) declined.
Among the top market cap stocks, Samsung Electronics Co., Ltd. and SK hynix both set all-time highs, closing at 111,100 won (up 3.35%) and 620,000 won (up 10.91%) from the previous session.
Other gainers included Hyundai Motor (up 0.52%), Doosan Enerbility (up 0.9%), HD Hyundai Heavy Industries Co., Ltd. (up 1.17%), and Hanwha Aerospace (up 6.23%). Kia Corporation slipped slightly, down 1.50%.
The domestic stock market broke through the 4,200 mark for the first time ever, buoyed by a series of upward target price revisions for domestic semiconductor stocks by both local and global securities firms. Key sectors such as semiconductors, electrical equipment, shipbuilding, and defense all posted strong performances.
On this day, SK Securities Co., Ltd. set a target price of 1 million won for SK hynix. The firm argued that as the AI era unfolds, the semiconductor industry paradigm is shifting from 'expansion first, orders later' to 'orders first, expansion later,' and that company value should be assessed based on the price-to-earnings ratio (PER).
Lee Jae-won, a researcher at Shinhan Securities Co., Ltd., stated, "Jensen Huang, CEO, provided upward momentum to the domestic stock market in November, and large-cap stocks such as SK hynix, electrical machinery, and shipbuilding continue to show strength." He added, "With many industrial sector earnings announcements scheduled for today, it will be important to watch whether positive earnings estimate revisions continue alongside IT."
On the same day, the Korean Securities Dealers Automated Quotations (KOSDAQ) closed at 914.55, up 14.13 points (1.57%) from the previous session.
In the KOSDAQ market, individuals and institutions were net sellers of 336.3 billion won and 3.6 billion won, respectively, while foreign investors were net buyers of 376.3 billion won.

nodelay@fnnews.com Park Ji-yeon Reporter