KOSPI hits a record high after holiday reopening

Glonghui, May 26 – After reopening from the holiday, the Korea Composite Stock Price Index (KOSPI) surged as much as 3.2%, reaching a new record high. During the holiday break, the global stock markets generally rose, boosted by positive news of a potential US-Iran agreement. The KOSPI broke through the 8,000-point mark and is likely to set a record closing high. SK Hynix, Samsung Electronics, and Samsung Electro-Mechanics were the main driving forces behind the rally. SK Hynix and Samsung Electronics' stock prices climbed due to the leveraged single-stock Exchange Traded Funds scheduled to be listed on Wednesday. The Korea Kosdaq Small Cap Index saw a maximum increase of 3%, while the MSCI Asia-Pacific Index rose by as much as 0.4%.