KOSPI closes above 5,520 on foreign and institutional buying

[Financial News] The Korea Composite Stock Price Index (KOSPI) broke above the 5,500 mark for the first time ever on the 12th, boosted by strong buying from foreign and institutional investors. The index finished above 5,520, closing near its all-time high of 5,522.27.
The KOSPI ended the session at 5,521.29, up 166.80 points, or 3.12%, from the previous trading day. It opened at 5,425.39, up 70.98 points, or 1.32%, and then extended its gains throughout the session.
Around 10:50 a.m., the KOSPI crossed the 5,500 level for the first time in its history and continued to push its record higher. By the closing time of 3:30 p.m., the index had touched 5,522.27, setting a new all-time high.
In the domestic main stock market, individual investors sold 4.4503 trillion won worth of shares, while foreign investors and institutions bought 3.0138 trillion won and 1.3697 trillion won, respectively.
Among the 14 largest stocks by market capitalization, SK Square (7.14%), Samsung Electronics (6.44%), Samsung C&T (5.53%), and Shinhan Financial Group (5.05%) showed strong gains. In contrast, Hyundai Motor (0.59%) and Celltrion (-0.42%) ended the day weaker.
The KOSDAQ Index closed at 1,125.99, up 11.12 points, or 1.00%, from the previous session. It opened at 1,122.55, up 7.68 points, or 0.69%.
khj91@fnnews.com Kim Hyun-jung Reporter