KOSPI Hits Record High, Closes Above 7,490 Amid Semiconductor Rally

By SONG YOONSEO Posted : May 7, 2026, 21:57 Updated : May 7, 2026, 21:57
On May 7, the KOSPI index is displayed on the trading board at Hana Bank in Jung-gu, Seoul. The KOSPI closed at 7,490.05, up 105.49 points (1.43%) from the previous trading day, while the KOSDAQ opened at 1,210.83, up 0.66 points (0.05%). During the session, the KOSPI surpassed 7,500, setting a new record high. [Photo=Yonhap News]

The KOSPI index closed at 7,490.05, marking a new all-time high, driven by strong performances from major semiconductor stocks. Samsung Electronics and SK Hynix led the gains, supported by significant buying from individual and institutional investors.
According to the Korea Exchange, the KOSPI rose by 105.49 points (1.43%) to finish at 7,490.05. It opened at 7,499.07, up 114.51 points (1.55%), and later surpassed the previous intraday record of 7,426.60.
In the securities market, individuals and institutions purchased a net 5.99 trillion won and 1.05 trillion won, respectively, driving the index higher, while foreign investors sold a net 7.17 trillion won.
Most large-cap stocks showed gains, including Samsung Electronics (up 2.82%), SK Hynix (up 4.06%), and Hyundai Motor (up 3.64%). However, LG Energy Solution (-0.10%) and Hanwha Aerospace (-7.40%) closed lower.
Lee Kyung-min, a researcher at Daishin Securities, noted, "The domestic market showed signs of stabilization after a sharp rise over two trading days. Amid expectations for peace talks between the U.S. and Iran, sector rotation is occurring, with large semiconductor stocks leading the upward trend in the afternoon session."
Conversely, the KOSDAQ index fell by 10.99 points (0.91%) to close at 1,199.18. It opened at 1,210.83, up 0.66 points (0.05%), but later declined after reaching a high of 1,219.58.
In the KOSDAQ market, foreign investors bought a net 169.4 billion won, while individuals and institutions sold a net 12.3 billion won and 135 billion won, respectively.
The performance of large-cap stocks was mixed. EcoPro BM (up 3.28%), Kolon TissueGene (up 10.62%), and LG Chem (up 3.28%) saw gains, while EcoPro (-1.97%), Alteogen (-1.24%), and Rainbow Robotics (-0.43%) declined.



* This article has been translated by AI.

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