South Korea’s stock market reached an all-time high today. The KOSPI index rose 2.5%, gaining 96 points to close at 3,941. Small-cap stocks also gained, with the KOSDAQ index rising 1.27% to finish at 883.
Investors are excited as US President Donald Trump and Chinese President Xi Jinping are set to meet in South Korea. Positive investor sentiment pushed the stock market higher.
South Korea’s finance minister said the country is ready to stabilize foreign exchange markets if needed. The Korean won strengthened against the US dollar, rising more than 4% over the past three months.
- Japan’s Nikkei 225 rose 1.35% to close at 49,299. The broader Topix index gained 0.48%.
- Hong Kong’s Hang Seng index increased 0.77%.
- China’s CSI index went up 1.18%.
Markets across Asia showed overall optimism today, with gains in major economies alongside South Korea’s record-setting performance.
