SEOUL, January 22 (AJP) - South Korea’s benchmark KOSPI in its 46-year history has touched the 5,000 mark Thursday from strong retail push.
The four-digit milestone was reached just two months after the index broke above 4,000, reflecting accelerating momentum fueled by strong domestic participation.
After pausing briefly following a 12-day uninterrupted rally, the KOSPI rebounded as easing geopolitical tensions — triggered by U.S. President Donald Trump’s withdrawal of Greenland-related threats — boosted global risk appetite after overnight gains on Wall Street.
Retail investors bought more than 300 billion won worth of shares in early trading. Gains were led by heavyweight stocks including Hyundai Motor, Samsung Electronics and SK hynix.
The KOSPI opened 1.57 percent higher from the previous session at 4,987.06 and quickly breached the 5,000 threshold in early dealings. As of 9:06 a.m., the index was up 2.06 percent at 5,011.09.
The milestone comes roughly two and a half months after the KOSPI first closed above 4,000 in October last year.
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