FX.co ★ South Korean Shares Set New Record

On Wednesday, the benchmark KOSPI index climbed 0.49%, concluding the day at 4,910, marking a record high as it rebounded from the previous session. Investors flocked back to large-cap leaders, capitalizing on earlier losses through bargain hunting. Despite ongoing geopolitical tensions and tariff uncertainties between the US and Europe, demand for fundamentally strong stocks remained robust. The absence of immediate policy changes provided stability to market sentiment, while President Lee Jae Myung minimized fears of punitive US chip tariffs, thereby alleviating concerns in Korea's crucial export sector. Leading the gains was Samsung Electronics, which surged 2.96% amid positive expectations for a continued semiconductor upcycle. The automotive sector saw significant advances, with Hyundai Motor soaring 14.61% and Kia Corporation up by 5.00%, driven by optimism surrounding robotics and autonomous vehicle projects. Additional contributions to the upward momentum came from KB Financial Group with a 2.78% increase, Hyundai Mobis at 8.09%, and Hanwha Aerospace, which rose 0.46%.