[Digital Today reporter Oh Sang-yup] South Korea's KOSPI jumped more than 2 percent early on May 4 to set a new record intraday high. Strong foreign buying is leading the index higher.

As of 9:04 a.m., the KOSPI was up 156.52 points, or 2.37 percent, at 6,755.39 from the previous session's close. It opened up 184.06 points, or 2.79 percent, at 6,782.93. That topped the previous record intraday high of 6,750.27 set on April 30, in just 1 trading day.

By investor type, foreigners were net buyers of 237.3 billion won, driving the index to a new high. Individuals and institutions were net sellers of 169.9 billion won and 66.3 billion won, respectively.

Most heavyweight stocks by market value were higher. Samsung Electronics rose 2.61 percent to 226,250 won and SK Hynix gained 4.35 percent to 1,342,000 won.

SK Square was surging 8.80 percent. Hanwha Aerospace, HD Hyundai Heavy Industries, Hyundai Motor and LG Energy Solution also rose, lifting the index.

Samsung Biologics edged down 0.10 percent, while Doosan Enerbility was flat at 0.00 percent.

The KOSDAQ was trading at 1,216.30 at the same time, up 23.95 points, or 2.01 percent, from the previous session.

In the Seoul foreign exchange market, the won was quoted at 1,472.80 per dollar, up 2.70 won.