South Korea’s KOSDAQ index surpassed the 1,000-point mark for the first time in four years.
According to the Korea Exchange on the 26th, the KOSDAQ opened at 1,003.9, up 1% from the previous trading day, and immediately broke through the 1,000-point threshold. This is the first time the index has exceeded 1,000 since January 2022, approximately four years ago.
Most of the top market-cap-weighted stocks on the KOSDAQ are showing sharp gains. Secondary battery-related stocks such as EcoPro BM (+5.16%) and EcoPro (+3.31%) are performing strongly, while pharmaceutical and biotech themes like Alteogen (+1.16%) and ABL Bio (+7.32%) are also rising significantly.
This trend is attributed to government policies aimed at revitalizing the KOSDAQ market, including recent news that the KOSPI 5000 Special Committee has proposed “KOSDAQ 3,000” as its next target.
On the same day, the KOSPI also quickly reclaimed the 5,000-point mark after opening. As of 9:15 a.m., it was trading at 5,018.70, up 0.57% from the previous session. Samsung Electronics, the market-cap leader, was up 1.91% at 155,000 Korean won.
In the stock market, individual investors were net buyers by 142.6 billion Korean won, while foreign and institutional investors were net sellers by 58.7 billion and 81.5 billion Korean won, respectively.
