South Korean Shares Extend Gains

2026-02-04 01:39 By Erika Ordonez 1 min. read

The benchmark KOSPI rose 1.57% to close at 5,371 on Wednesday, extending gains to a fresh record high, as continued bargain hunting and sector rotation supported sentiment.

Investors selectively added exposure following Tuesday’s violent selloff-and-rebound, with confidence underpinned by follow-through buying after the previous session’s record close.

Gains were driven by strength in autos, batteries and industrial names, helping offset weakness in semiconductor and internet stocks amid lingering concerns over AI-related pressure on global tech shares.

Hyundai Motor (2.54%), LG Energy Solution (2.94%), SK Square (4.21%), Hanwha Aerospace (1.92%), and Doosan Enerbility (5.81%) advanced, while SK Hynix fell 0.96%.

The more balanced sector performance suggested rotation rather than a broad risk-off move, allowing the benchmark to hold above the 5,300 level.

Investors continued to focus on domestic momentum following heavy institutional and foreign buying in the previous session.



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