KOSPI Keeps Running... Breaks Through the 8,800 Level on 'Samsung Electronics Worth 2,000 Trillion Won' [Fn Afternoon Market]

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[Financial News] As Samsung Electronics ushered in the era of a market capitalization of 2,000 trillion won for the first time, the KOSPI jumped more than 4% in a single day. As of 1:35 p.m. on the 1st, the index was trading at 8,852.46, up 376.31 points, or 4.44%, from the previous session.
\rThe KOSPI opened at 8,485.67 and has climbed more than 300 points in a day, rising from the 8,500 level to the 8,800 level. It is now eyeing the 9,000 mark.
\rAs a result, the total market capitalization of the KOSPI has surpassed 7,000 trillion won. As of 1:30 p.m. that day, KOSPI market cap stood at 7,253.6291 trillion won.
\rIn the main board market, institutions are leading the rally with net purchases of 2.5262 trillion won. Foreign investors are net sellers by 2.1636 trillion won, while retail investors have also sold 340.3 billion won as they lock in profits.
\rAt the same time, Samsung Electronics was trading at 349,500 won, up 10.25% from the previous close, marking a record high. Its market capitalization has surged to 2,043.2744 trillion won, making it the first single stock to enter the 2,000 trillion won market-cap era.
\rSK hynix and SK Square were also up 1.76% and 2.60%, respectively, from the previous session. Samsung Electronics Co., Ltd. Preferred Shares rose 14.32% to trade at 231,500 won.
\rOn the other hand, Samsung Electro-Mechanics (-4.47%), HD Hyundai Heavy Industries (-1.01%), and Hanwha Aerospace (-4.01%) were in decline.
\rThe three major indexes on the New York stock market all closed at record highs on the 29th of last month local time. The Dow Jones Industrial Average (DJIA) rose 363.49 points, or 0.72%, to close at 51,032.46, finishing above 51,000 for the first time. The S&P 500 Index gained 16.43 points, or 0.22%, to 7,580.06, while the Nasdaq Index ended the session up 55.15 points, or 0.20%, at 26,972.62. Risk appetite improved after U.S. President Donald Trump signaled that he would announce a final decision on a peace agreement with Iran and said some issues had already been settled.
Expectations are also spreading that cooperation with major domestic companies will strengthen ahead of NVIDIA CEO Jensen Huang's visit to South Korea this week.
\rJin-hyuk Kang, a researcher at Shinhan Securities Co., Ltd., said, "Korea's exports in May surged mainly on semiconductors, rising 53.2% from a year earlier to $87.75 billion," and added, "With Samsung Electronics having shipped HBM4E samples for the first time, expectations are building ahead of Jensen Huang's visit to South Korea."
\rAt the same time, the KOSDAQ Index was trading at 1,047.31, down 27.49 points, or 2.56%, from the previous session. The index opened at 1,072.77, down 0.19% from the previous close, but losses widened during the session.
\rIn the KOSDAQ market, only foreign investors were net buyers, purchasing 558 billion won, while retail investors sold 395.1 billion won and institutions sold 153.4 billion won.
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nodelay@fnnews.com Park Ji-yeon Reporter