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Finance

KOSPI nears 9,000 as stocks tied to second \'kkangbu meeting\' lead rally

South Korea\'s KOSPI jumped more than 3 percent on June 1 to set another record, led by gains in shares seen as linked to a second \'kkangbu meeting\' with Nvidia CEO Jensen Huang. Institutions were net buyers while foreigners sold heavily. Most heavyweight shares rose, including Samsung Electronics and NAVER, while the Kosdaq fell for a fifth straight session. The won strengthened against the dollar in Seoul trading.

Finance

Samsung Electronics opens 2,000 trillion won market cap era, closes in on bitcoin

Samsung Electronics topped a combined market capitalisation of 2,000 trillion won on May 29, including preferred shares, about four months after reaching 1,000 trillion won. The shares rose 5.84 percent, with preferred shares up 6.08 percent. Combined market value reached about 2,015.8 trillion won, narrowing the gap with bitcoin’s market capitalisation to about 300 trillion won. SK Hynix also gained, intensifying competition among chip heavyweights.

Finance

KOSPI ends at record high around 8,470; KOSDAQ falls more than 2 percent

South Korea\'s KOSPI rose more than 3 percent on May 29 to close at a record high near the 8,470 level, lifted by strong buying in large semiconductor shares including Samsung Electronics and SK Hynix. Institutional investors were net buyers, while individuals and foreigners sold. Most heavyweight stocks gained, though some declined. In contrast, the KOSDAQ fell more than 2 percent. The won weakened against the dollar.