KOSPI surpasses 5,500 mark for 1st time in midday trading

The KOSPI index is displayed on the dealing room board of Hana Bank in Seoul, Thursday. Yonhap

Korean stocks surpassed the 5,500-point mark in midday trading for the first time on Thursday, boosted by sharp gains in blue-chip tech shares, including Samsung Electronics and SK hynix.

The benchmark Korea Composite Stock Price Index (KOSPI) had added 157.13 points, or 2.93 percent, to 5,511.62 as of 10:59 a.m.

This marked the first time the KOSPI surpassed the 5,500-point mark.

Source: Korea Times News