KOSPI Breaks Above 5,000 for the First Time... Samsung Electronics and SK hynix Jump 3%, Hyundai Motor Company Surges 6% [FN Morning Market Brief]

[Financial News] The Korea Composite Stock Price Index (KOSPI) has climbed above the 5,000 mark for the first time in history, setting a new milestone 46 years after its launch.
As of 9:18 a.m. on the 22nd, the KOSPI was trading at 5,003.64, up 93.71 points (1.91%) from the previous session. The index opened at 4,987.06, up 77.13 points (1.57%), and then extended its gains to break through the 5,000 level.
Investor sentiment improved after U.S. President Donald John Trump withdrew the "Greenland tariffs." Overnight in the U.S. market, the Dow Jones Industrial Average (DJIA) rose 588.64 points (1.21%) from the previous session to close at 49,077.23. The Standard & Poor's (S&P) 500 gained 78.76 points (1.16%) to 6,875.62, while the NASDAQ Composite Index, which is heavily weighted toward technology stocks, added 270.50 points (1.18%) to finish at 23,224.82.
Major semiconductor stocks, in particular, posted sharp gains. Intel Corporation jumped 11.72%, Advanced Micro Devices (AMD) climbed 7.65%, and Micron Technology, Inc. advanced 6.54%.
In the Korean main board market, Samsung Electronics and SK hynix Inc. are leading the rally. Samsung Electronics is up 3.48%, and SK hynix Inc. is gaining 3.51%.
Hyundai Motor Company, which has surged this year to become the third-largest stock by market capitalization, is also extending its strong run. The stock is currently up 6.19%.
Lee Seong-hoon, an analyst at KIWOOM Securities Co., Ltd., said, "The domestic stock market is likely to attempt to break into the 5,000 range, led by semiconductor stocks, as it reflects the sharp rise in the Philadelphia Semiconductor Index (SOX), spearheaded by Micron Technology, Inc., following Trump's withdrawal of the Greenland tariffs."
He added, "Since the beginning of the year, money has continued to concentrate in large-cap stocks," noting, "Based on cumulative trading value in January, the combined share of Samsung Electronics, SK hynix Inc., and Hyundai Motor Company reached 36% of total KOSPI turnover, marking an all-time high on a monthly basis."
Meanwhile, at the same time, the Korea Securities Dealers Automated Quotations (KOSDAQ) was also trading higher, up 11.13 points (1.17%) from the previous session at 962.42.

jisseo@fnnews.com Seo Min-ji Reporter