The benchmark Korea Composite Stock Price Index(KOSPI) rose past the psychological threshold of 29-hundred for the first time in some three years and five months on rosy expectations for the Lee Jae-myung administration's new economic policies.

The index gained 35-point-19 points, or one-point-23 percent, Wednesday to close at two-thousand-907-point-04.

This is the highest level reached in about three years and five months since January of 2022, gaining for a sixth straight trading session.
 
The tech-heavy KOSDAQ rose 15-point-09 points, or one-point-96 percent, to close at 786-point-29.