South Korean stocks closed at a fresh record high above 8,800 on Tuesday, led by gains at Samsung Electronics amid optimism over Artificial Intelligence.
The benchmark Korea Composite Stock Price Index added 13.11 points, or 0.15 percent, to close at 8,801.49. The index opened higher and reached an intraday record of 8,933.62 before reversing course amid profit-taking. Samsung Electronics rose 3.3 percent to a fresh record of 360,500 won. Its rival SK hynix edged down 0.13 percent, while Hyundai Motor and Samsung Electro-Mechanics posted declines. Institutions and individuals bought a net 242.27 billion won and 6.34 trillion won respectively, while foreigners sold a net 6.59 trillion won. The Korean won fell 13 won to 1,517.3 won against the U.S. dollar.
