KOSPI
KOSPI surges trigger buy-side circuit breaker
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South Korean stocks surged over 4% on February 3, rebounding from the previous day's drop and triggering a buy-side circuit breaker. The Korea Exchange halted trading for five minutes at 9:26 a.m., the first such activation since last year. Institutional and foreign investors bought up heavyweight shares amid bargain hunting.
South Korean stocks closed higher on Friday at a fresh peak just shy of 5,000, led by gains in technology and brokerage shares. The benchmark KOSPI index rose 0.76 percent to 4,990.07 after hitting an intraday record of 5,021.13. The Korean won strengthened against the U.S. dollar.
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South Korean stocks hit a new intraday record high on Thursday morning, fueled by gains in the auto and shipbuilding sectors. The KOSPI index reached 4,757.35 points before easing slightly. The market showed resilience despite a weak opening.