Kospi breaks 9,000 milestone

AI핵심 요약

• ·Massive foreign buying fuels chip stock rally despite hawkish US Fed signals South Korea's benchmark Kospi breached the 9,000-point threshold for the first time on Thursday, driven by a rally in chip heavyweights as foreign investors shrugged off the US Federal Reserve's hawkish stance and snapped up more than 1 trillion won ($650 million) in local shares on the main board.
• ·The index closed at 9,063.84, 2.25 percent higher than the previous session.
• ·After opening at a 0.23 percent gain on-session, it extended its gains to break above the 9,000-point mark for the first time, climbing as high as 9,106.07.
• ·Although it pared some of its gains shortly before the close, the benchmark still finished over 9,000.
• ·The benchmark has been on a blistering rally this year, more than doubling from its Jan.