Seoul Stocks Hit Record High
Analysis based on 6 articles · First reported Apr 28, 2026 · Last updated Apr 28, 2026
The KOSPI closing at a new record high indicates a positive sentiment in the South Korea market, driven by anticipation of United States tech earnings. However, the South Korea — South Korean won't fall against the United States suggests some underlying currency weakness or strength in the United States.
Seoul stocks, as measured by the KOSPI, closed at a new record high, reaching 6,641.02 points, driven by anticipation of earnings releases from major United States tech companies. Despite this, the South Korea — South Korean won fell against the United States. The market experienced sectoral rotation, with auto and battery shares like Hyundai Motor Company, Oracle Corporation, LG Energy Solution, and Samsung Electronics leading gains, while semiconductor companies like Samsung Electronics and SK Hynix saw mixed performance. Shipbuilders such as HD Hyundai Heavy Industries and Hanwha Engine declined due to profit-taking. Geopolitical developments, specifically the standstill in peace talks between the United States and Iran, had minimal impact on investor sentiment.
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