Finance

Kiwoom Securities' RIA accounts surpass 20,000; Nvidia most deposited stock

Kiwoom Securities said on Wednesday its RIA accounts, designed for investors returning funds to the domestic market, have surpassed 20,000. Nvidia was the most deposited overseas stock, accounting for more than 20 percent of total deposited balances. Tesla, SOXL, Palantir Technologies and Alphabet followed. The account offers capital gains tax reductions if proceeds from overseas stock sales are reinvested long term in domestic assets.

Finance

KOSPI hits 6,500 after three straight record highs

South Korea's KOSPI extended its rally to a third straight session of record highs, breaking above 6,500. As of 9:20 a.m., the index was up 83.51 points, or 1.30 percent, at 6,501.44. Samsung Electronics rose 4.14 percent to an intraday record, while SK Hynix gained 1.64 percent. The KOSDAQ also climbed, and the won edged weaker against the dollar.