KOSPI briefly tops 4,600 day after hitting all-time high
The benchmark Korea Composite Stock Price Index is displayed on a screen in a dealing room of Hana Bank after opening higher and briefly surpassing the 4,600 mark during trading hours, Seoul, Wednesday. Yonhap
The country's benchmark stock index Wednesday briefly topped another historic milestone of 4,600 a day after closing at an all-time high of above 4,500 on an extended chip rally.
The benchmark Korea Composite Stock Price Index (KOSPI) was at 4,559.59 at 10:12 a.m., up 34.11 points, or 0.75 percent from the previous session's close, after hitting an intraday high of 4,611.72.
On Tuesday, the KOSPI rose 1.52 percent to close at an all-time high of 4,525.48, backed by a rally in semiconductors, brokerages and shipbuilders.
Investors are closely watching whether the main index will sustain its rally and close above the 4,600-point level, supported by continued strength in technology stocks.