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KOSPI Rises Nearly 1% on Bio, Heavy Industry Gains

Written: 2025-05-21 19:14:24Updated: 2025-05-21 19:20:41

KOSPI Rises Nearly 1% on Bio, Heavy Industry Gains

Photo : YONHAP News

The benchmark Korea Composite Stock Price Index(KOSPI) closed almost one percent higher Wednesday, snapping a two-day decline as investors snapped up bio, heavy industry, and other blue-chip stocks despite Wall Street’s overnight downturn.

The KOSPI rose 23-point-78 points, or zero-point-91 percent, Wednesday to close at two-thousand-625-point-58.
 
Overnight, all major U.S. stock indexes fell amid a lack of market-moving catalysts while Seoul stocks rose with bio and heavy industry shares leading the gains.
 
Samsung Biologics surged seven-point-11 percent, Hanwha Aerospace jumped four-point-29 percent and financial and internet stocks also advanced with KB Financial rising one-point-77 percent and mobile messenger operator Kakao adding two-point-46 percent.

The tech-heavy KOSDAQ gained eight-point-07 points, or one-point-13 percent, to close at 723-point-62.

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