South Korean stocks surged to a new high on Friday, with the KOSPI index climbing 0.55% as investors cheered strong chip earnings and solid export numbers.
Market Overview
The benchmark KOSPI rose 23.18 points to 4,237.35, marking its best yearly gain in over 20 years. The rally was fueled by optimism around artificial‑intelligence‑related demand and recent government market reforms.
Key Movers
- Samsung Electronics gained about 3%.
- SK Hynix rose 0.8%.
- LG Energy Solution fell 1.6%.
- Kia Corp slipped 1.5%.
- Samsung BioLogics dropped 0.6%.
Currency and Bond Moves
The won weakened, trading at 1,440.3 per dollar onshore, a 0.06% decline. Offshore, it was 1,440.1 per dollar, up 0.2% on the day. Meanwhile, the three‑year Treasury yield fell to 2.927% and the ten‑year yield slipped to 3.369%.
Export Strength and Investor Sentiment
December exports marked the seventh straight month of growth, pushing 2025 total exports past $700 billion for the first time. Despite the bullish market tone, foreign investors sold about 152 billion won worth of shares.
Takeaway for Investors
Strong chip earnings and record export levels are supporting the market, but a weaker won and foreign outflows suggest caution. Keep an eye on currency moves and bond yields as they could affect returns.
Remember, this is just an overview, not a prediction. Do your own research before making any investment decisions.