Samsung Electronics, SK hynix, Hyundai Motor account for roughly 40% of market cap gains

Korea’s benchmark Kospi climbed to another record high on Wednesday, breaching the 4,700 level for the first time, as a powerful New Year rally powered ahead even as early signs of stabilization began to emerge.

The index crossed 4,700 shortly after opening at 4,685.11, surging to an intraday high of 4,715 in morning trade. Volatility picked up soon after, with the benchmark retreating to as low as 4,670 before regaining momentum in the final hour and closing at a fre

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