KOSPI Over 5000, Stock Exchange Recorded for the First Time in 46 Years

*This content was translated by AI.

The KOSPI opened the long-awaited 5,000-year era. After surpassing 4,000 points for the first time in October last year, he jumped 1,000 points again in just three months, writing a new history.

As of 9:06 a.m. on the 22nd, the KOSPI was trading at 5010.96, up 101.03 points (2.06%) from the previous day. This is the first time the index has reached the 5,000 mark.

The index, which started at the 4,980 level, up 1.57% on the day, surpassed the 5,000 level in about a minute due to buying. It is currently expanding its gains by more than 2%, reaching an intraday high of 5012.20.

Earlier, the KOSPI has been stuck in the 2,000-point range for more than four years since hitting a record high of 3,000 points in January 2021.

Then, political uncertainty was lifted after the inauguration of the new government last year, and the capital market advancement policy, including the revision of the commercial law, reached 4,000 points for the first time on October 28 last year, and exceeded 5,000 points again in January this year, just three months later.

Semiconductors are definitely the main players in the KOSPI 5000 era. The rally continued due to the recovery of the global semiconductor industry and expectations of expanding artificial intelligence (AI) investment, driving the entire index.

In fact, market shareholders Samsung Electronics and SK Hynix jumped 125.38% and 274.35%, respectively, last year alone, and jumped 24.69% and 13.67%, respectively. The market capitalization of the two companies alone reached 1,424 trillion won as of the previous day. It is approaching 40% of the KOSPI's market capitalization.

Meanwhile, the KOSDAQ index rose 11.51 points (1.21%) to 962.80 at the same time.

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*This content was translated by AI.