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South Korea crosses $4 trillion market cap as Kospi storms past record 6,600 - The Times of India

South Korea's stock market reached a historic milestone as the total value of listed companies surpassed 6,000 trillion won for the first time during trading, equivalent to more than 4 trillion United States dollars. The benchmark index surged to a record high above 6,600, reflecting sustained investor optimism and strong momentum in equities.

Technology heavyweights led the rally, with major semiconductor firms posting significant gains and notching fresh record highs. The secondary technology-focused market also advanced, building on recent breakthroughs that pushed it to levels not seen in roughly 25 years.

Elsewhere in Asia, performance was mixed. Markets in Taiwan and Japan rose on the back of global strength in semiconductor and artificial intelligence-related shares, while Hong Kong and Singapore edged lower amid concerns over geopolitical tensions in the Middle East and uncertainty surrounding energy supplies.

Original article source: https://timesofindia.indiatimes.com/business/international-business/south-korea-crosses-4-trillion-market-cap-as-kospi-storms-past-record-6600/articleshow/130558776.cms
Source Id: 9194455801

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