KOSPI shoots up like a ‘pillar of fire’ for 12 straight days... Will this stock that surged 60% climb further?

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According to The Financial News, the KOSPI on the 19th broke above the 4,900 level for the first time in history, powered by strong foreign buying despite tariff concerns under the Trump administration. The KOSDAQ Index also climbed above 960, marking its highest level in four years.
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After finishing last year’s trading in the 4,200 range, the KOSPI surpassed 4,300 on the first trading day of this year, January 2, and has continued to rise for 12 consecutive sessions through today, repeatedly setting new record highs.
The dream level of KOSPI 5000 is now only about 95 points away.
The index opened at 4,829.40, down 11.34 points (0.23%) from the previous session, and moved sideways in a narrow range early in the day.
However, it soon reversed into positive territory, extended its gains, and at one point climbed to 4,917.37, setting a new all-time intraday high.
With a 12-session winning streak, this is now the second-longest run of consecutive gains since the 13-session rally from September 4 to 24, 2019.
As of 3:30 p.m. that day, the exchange rate in the Seoul Foreign Exchange Market stood at 1,473.7 South Korean won per United States dollar (USD), up 0.1 won from the previous day.
In the KOSPI Market, foreign investors were net buyers of 547.3 billion won, lifting the index, while individuals and institutions showed net selling of 750.7 billion won and 24.3 billion won, respectively.
Foreign investors also recorded net purchases of 123.2 billion won in the KOSPI 200 futures market.
Uncertainty stemming from the Trump administration initially put downward pressure on the KOSPI early in the session. However, as foreign buying intensified during intraday trading, the index turned upward.
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In particular, shares of Hyundai Motor Group, which have benefited from growing expectations for robotics following the Consumer Electronics Show (CES), rose alongside defense and shipbuilding stocks, collectively driving the index higher.
The share price of Hyundai Motor Company alone has jumped more than 60% so far this year. On the day, not only Hyundai Motor Company but also other group affiliates advanced together. Preferred shares of Hyundai Motor Company, as well as Kia Corporation, Hyundai Mobis, and Hyundai Glovis, all showed strong gains, adding momentum to the index’s rise.
In addition, defense stocks such as Hanwha Aerospace Co., Ltd., which rose 2.39% amid geopolitical tensions surrounding Greenland, were strong, while shipbuilding names including HD Hyundai Heavy Industries Co., Ltd. (up 4.18%) and Hanwha Ocean Co., Ltd. (up 1.22%) also contributed to the index’s advance. A rotation into secondary battery stocks was also evident, with LG Energy Solution Ltd. (up 1.92%), Samsung SDI (up 8.65%), and POSCO Holdings Inc. (up 4.83%) all gaining ground.
moon@fnnews.com Moon Young-jin Reporter