Photo : YONHAP News
The benchmark Korea Composite Stock Price Index(KOSPI) posted an all-time high again on Wednesday, a day after closing above the eight-thousand mark for the first time.
The KOSPI rose two-point-25 percent to close at a new high of eight-thousand-228-point-70 on Wednesday.
The figure, at one point, jumped more than five percent to stand at eight-thousand-457-point-09, breaking eight-thousand-400 points in intraday trading for the first time ever.
Authorities suspended program buying at 9:06 a.m. after the KOSPI 200 Futures index rose more than five percent from the previous day.
The KOSPI continued to climb on Wednesday on a U.S. stock rally driven by surging chip stocks.
However, the rally ended up leading to a surge in only a certain number of stocks on the KOSPI market.
Seventy-five listed stocks rose Wednesday, while 826 fell.
Samsung Electronics jumped two-point-68 percent and SK hynix climbed nine-point-31 percent.
Shares of Shinsegae’s discount retail chain E-Mart, which owns a majority stake in Starbucks Korea, fell four-point-96 after witnessing a sharp surge.