[BODY]
The Kospi closed above the 6,900 mark for the first time in history, putting the "7,000 Kospi" milestone within reach. SK hynix saw its share price surge more than 12% in a single day, pushing its market capitalization past 1,000 trillion won. Other large-cap stocks including SK Square and Samsung Electro-Mechanics also posted steep gains.
According to the Korea Exchange on the 4th, the Kospi closed at 6,936.99, up 338.12 points (5.12%) from the previous session. The index opened at 6,782.93, up 184.06 points (2.79%), surpassing the intraday record high of 6,750.27 set on the 30th of last month in just one trading day. It then rapidly expanded its gains, breaking through the 6,800 level for the first time and surging past 6,900 without pause. At one point during the session, it soared to 6,937.00. The Kosdaq also closed at 1,213.74, up 21.39 points (1.79%) from the previous session.
SK hynix's market capitalization surpassed 1,000 trillion won on the day, and its share price broke through 1.4 million won, reaching the "1.4 million hynix" mark. SK hynix closed at 1,447,000 won, up 12.52% from the previous session. At one point, shares changed hands at 1.45 million won, putting the 1.5 million won threshold within sight. Samsung Electronics closed the regular session at 232,500 won, up 5.44%. SK Square (17.84%) and Samsung Electro-Mechanics (10.34%) also posted steep gains.
As the domestic stock market extended its record-high rally, the combined market capitalization of the top 10 business groups surpassed 4,000 trillion won. This represents an increase of about 75% from the end of last year (2,315.1898 trillion won). Samsung Group's market cap grew from 1,002.4979 trillion won to 1,770.8103 trillion won as of 3:23 p.m. on the day, while SK Group's market cap more than doubled from 601.0122 trillion won to 1,278.6089 trillion won. The combined market cap of Samsung Group and SK Group surpassed 3,000 trillion won.
A securities industry official said, "Strong earnings at major Korean companies and undervalued valuations are being highlighted simultaneously," adding, "With major semiconductor firms expected to see earnings growth this year, there appears to be further upside momentum left despite the market's recent short-term surge."
The 20 Trillion Won Bonus Era! SK hynix Rakes In Cash, the Last Entry Window Left for Retail Investors
