The historic close of the Korea Stock Price Index (KOSPI) on Oct. 27 is displayed on a bulletin board at the dealing room of Hana Bank headquarters in Seoul's Jung-gu District. The KOSPI closed at 4,042.83, up 101.24 points (2.57%) from the previous day and breaking 4,000 for the first time. (Yonhap News)
The main stock market index has broken the 4,000 mark for the first time, ushering in a new era for the domestic bourse.
The Korea Exchange on Oct. 27 said the Korean Stock Price Index (KOSPI) that day closed at 4,042.83, up 101.24 points (2.57%) from the previous day, to break the 4,000 ceiling just four months after conquering 3,000 on June 20.
KOSPI on Oct. 27 opened at 3,999.79, up 58.20 points (1.48%), and expanded its gains to close at the intraday high.
The over-the-counter market KOSDAQ, meanwhile, closed at 902.70, up 19.62 points (2.22%), its highest performance in a year and seven months and recovering to the 900 level for the first time since April 1 last year.
The KOSPI's conquest of yet another milestone is considered the result of government stimulus of the stock market, strength of growth sectors such as artificial intelligence and batteries, and inflow of foreign capital.
dusrud21@korea.kr