The Korea Composite Stock Price Index (KOSPI) closed higher today, gaining 1.02% or 26.38 points, to reach 2,623.30 KRW. The market saw broad-based gains, driven by strong performances in the electronics and financial sectors.
Major Contributors:
- Samsung Electronics, the largest stock on the KOSPI by market cap, rose 2.53% to 60,800 KRW, with a market cap of 290.62 billion USD.
- SK Hynix added 0.81%, closing at 187,500 KRW.
- Samsung Biologics gained 1.17% to 1,036,000 KRW, bolstered by strong earnings.
- KB Financial Group posted the biggest gain, rising 6.46% to 97,200 KRW.
Top Decliners:
Not all stocks shared in the gains:
- LG Energy Solution fell by 1.22% to 406,000 KRW.
- Celltrion slipped 0.76% to 195,800 KRW.
- POSCO Holdings also declined, down 0.68% to 364,500 KRW.
Sector Performances:
The Electronic Technology sector showed strong performance, with Samsung Electronics and SK Hynix leading the gains. However, LG Energy Solution, in the Producer Manufacturing sector, saw a drop amid market volatility.
Market Overview:
The market breadth was positive, with gains in various sectors, particularly in Finance, where KB Financial Group and Shinhan Financial Group recorded significant rises. Meanwhile, the Consumer Durables sector also performed well, with Hyundai Motor and Kia Corporation posting solid returns.