The benchmark Korea Composite Stock Price Index(KOSPI) reached a fresh high on Tuesday for the fifth consecutive session thanks to an influx of foreign investment and a surge in chip shares.

The KOSPI rose 42-point-31 points, or one-point-24 percent, to close at three-thousand-449-point-62 on Tuesday.

Samsung Electronics and SK hynix both reached new yearly highs, and defense stocks also rose. This comes amid expectations that the U.S. Federal Reserve will cut its key rates this week.

The tech-heavy KOSDAQ fell zero-point-85 points, or zero-point-one percent, to close at 851.84.

Meanwhile, the local currency is up 10.1 won from the previous session, standing at 1,378.9 won against the U.S. dollar.