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Kospi Bursts Past 6,000, Topping 6,100 in Chip-Fueled Surge

Heavy domestic buying is overpowering foreign selling.

Overview

  • The benchmark index crossed 6,000 for the first time and traded above 6,100 intraday, extending a rapid run that began after breaching 5,000 last month.
  • Samsung Electronics and SK hynix set fresh records near 206,000 won and 1.04 million won, with autos joining the advance as Hyundai Motor spiked about 9 percent and Kia jumped double digits intraday.
  • Foreign investors were net sellers of roughly 1 trillion won during the session, while individuals and institutions absorbed the supply with sizeable net purchases.
  • Parliament’s push to require cancellation of repurchased treasury shares advanced through committee, a step investors view as supportive for valuations and shareholder returns.
  • Broker targets climbed further, including Nomura’s bull-case projection of 8,000 in the first half, even as rising margin debt and renewed U.S. tariff uncertainty were flagged as potential volatility risks.