KOSPI touches 5,580 intraday as Samsung Electronics hits record high for second day

Photo by News1. [Financial News] The Korea Composite Stock Price Index (KOSPI) extended its gains and briefly touched the 5,580 level during intraday trading.
As of 2:04 p. m.
00%, from the previous session. 16%, but soon reversed course and moved higher.
27 set the previous day. Both individual and institutional investors turned net buyers.
3 billion won, helping to push the index higher. Samsung Electronics shares surpassed 180,000 won for the first time, setting a new record high.
14%, from the previous session, after touching an intraday high of 184,400 won. The rally is seen as being driven by the previous day's news that Samsung Electronics had begun mass production and shipment of the industry's highest-performance 6th-generation high-bandwidth memory (HBM4) for the first time in the world.
On the back of this, Samsung Electronics preferred shares overtook Hyundai Motor to become the third-largest stock on the KOSPI by market capitalization. Samsung Electronics preferred shares were up more than 6% from the previous session.
25%). 81%) were weaker.
By sector, securities, telecommunications, finance, electrical and electronics, entertainment and culture, and machinery and equipment were all on the rise.
Retail, metals, chemicals, IT services, transportation equipment and parts, and pharmaceuticals were declining.
15%, from the previous session.
Photo by News1. [Financial News] The Korea Composite Stock Price Index (KOSPI) extended its gains and briefly touched the 5,580 level during intraday trading.
jisseo@fnnews.com Seo Min-ji Reporter