The South Korean stock market approaches a bull market as rising presidential election expectations boost KOSPI to a nine-month high

Zhitong
2025.05.29 07:10
portai
I'm PortAI, I can summarize articles.

The Korea Composite Stock Price Index (KOSPI) rose 1.9% on Thursday, breaking through the 2,700-point mark for the first time, just 1.3% away from a technical bull market. The market's optimistic expectations for the new government's economic policies and multiple favorable factors drove the stock market up. NVIDIA's optimistic outlook for the AI industry and the U.S. International Trade Court's ruling improved export prospects. The Bank of Korea's governor hinted at possible further interest rate cuts in the future, and candidate Lee Jae-myung's commitment to reforms also sparked market enthusiasm. Foreign capital inflows have significantly increased, with investors positioning themselves ahead of policy dividends