29.04.202604:49:50UTC+00South Korean Shares Resume Record Run

The benchmark KOSPI rose 0.7% to around 6,690 on Wednesday, resuming its record-setting rally after a weaker open as investors positioned ahead of the US Federal Reserve’s policy decision and a slew of major earnings releases. Markets widely expected the Fed to keep interest rates unchanged, with attention centered on its policy guidance amid elevated energy prices and an uncertain global growth outlook.
Despite a generally cautious global tone, the index maintained an upward bias, supported by sustained buying interest following recent record highs. Sentiment was further bolstered by positioning ahead of Samsung Electronics’ earnings and resilient performance in select large-cap technology names, which helped steady the broader market despite earlier softness in semiconductor stocks.
Additional support came from sector rotation, with gains led by SK Square (3.21%), Hanwha Aerospace (1.83%), Doosan Enerbility (1.33%), and HD Hyundai Heavy Industries (2.85%). In contrast, Samsung Electronics (-0.45%), LG Energy Solution (-0.48%), and Hyundai Motor (-0.18%) posted modest declines.