FX.co ★ South Korea Shares Extend Gains on Foreign Buying, Trade Hopes

The KOSPI index experienced a 1% increase, surpassing the 2,880 mark on Tuesday, marking its fifth consecutive day of gains and approaching its highest points since January 2022. This upward trajectory has been largely driven by continuous purchasing from foreign investors, contributing significantly to the recent positive momentum. Confidence among investors has been strengthened due to anticipated policy reforms under President Lee's administration and a decrease in global trade tensions. Foreign interest has been particularly high in large-cap technology and financial sectors. Notable corporate performers included SK Hynix, up by 0.44%, LG Energy Solution rising by 1.23%, Hyundai Motor advancing by 0.30%, Hanwha Aerospace gaining 2.27%, and KB Financial Group increasing by 1.81%. Conversely, Samsung Electronics saw a decrease of 0.75% and HD Hyundai Heavy Industries slipped by 0.48%.