Photo : YONHAP News
The benchmark Korea Composite Stock Price Index(KOSPI) surged more than two percent on Wednesday to an all-time high, after having posted a drop the previous day.
The KOSPI rose 200-point-86 points, or two-point-63 percent, to close at a new high of seven-thousand-844-point-01 on Wednesday.
The index had opened at seven-thousand-513-point-65, down 129-point-50 points from Tuesday, and slipped as low as seven-thousand-402-point-36 early in the session.
But starting around 10:19 a.m., the index began to climb and recovered to the seven-thousand-800 range.
Foreigners sold a net three-point-seven trillion won worth of shares, marking their fifth consecutive session of net selling.
Individual and institutional investors purchased some one-point-nine trillion won and one-point-seven trillion won, respectively.
The tech-heavy KOSDAQ, meanwhile, slid two-point-36 points, or zero-point-two percent, to close at one-thousand-176-point-93.
The South Korean won weakened against the U.S. dollar by zero-point-seven won, trading at one-thousand-490-point-six won per dollar as of 3:30 p.m.