On the 10th, the KOSPI index appears on the electronic board of the Korea Exchange in Yeouido, Seoul, as it sets a new record high every day. /Courtesy of Yonhap News

The market capitalization of domestic KOSPI, KOSDAQ, and KONEX listed companies surpassed 3,000 trillion won on the 10th. This is the first time in history.

According to the Korea Exchange on the 10th, the total market capitalization of 2,877 listed companies was recorded at 3,020 trillion 770 billion won based on the closing price for the day. The domestic market capitalization increased by 30.1% from 2,306 trillion 580 billion won at the end of last year, after about seven months. Although the number of listed stocks increased by 10, the influence of the rising stock market was significant.

By market, the KOSPI market capitalization showed a remarkable increase. The market capitalization of the KOSPI market increased from 1,936 trillion 330 billion won at the end of last year to 2,603 trillion 740 billion won, an increase of 34.5% (667 trillion 410 billion won). During the same period, the KOSDAQ market increased by 21.7% (73 trillion 715 billion won), while the KONEX market rose by 2.1% (665 billion won).

The KOSPI index fell to 2,284.72 in April due to the shock from the announcement of mutual tariffs by the Donald Trump administration in the United States, but ended the day at 3,183.23, setting a new record. The resolution of political uncertainty and the weakening of the dollar contributed significantly to foreign investors returning to the market as 'buyers'.

The KOSDAQ index also rose from 637.55 in April to 803.93 on the 25th of last month. While it briefly paused, it rebounded to 797.7 on the same day, bringing it close to the 800 mark again.

Although uncertainties regarding tariffs remain, an optimistic outlook prevails in the securities sector. IBK Securities raised its forecast range for the KOSPI index from the previous 3,100 to 3,400 on that day. Byun Jun-ho, a researcher at IBK Securities, noted, "The domestic stock market reflects stronger expectations than ever as the Korean Central Bank's interest rate cuts, the government's supplementary budget formation, and stock market stimulus measures align perfectly," adding, "This trend is expected to continue into the second half of the year."

Korea Investment & Securities also revised its forecast range for the KOSPI index upward from 2,600-3,150 to 2,900-3,550. Kim Dae-jun, a researcher at Korea Investment & Securities, said, "Considering the improvement in sentiment and the effects of policies, there is a high possibility that the KOSPI index may reach the upper end of the forecast range," noting, "We should remember that the KOSPI index may rise more in the fourth quarter, when interest rate cuts and supply-demand improvements are expected, rather than in the third quarter, which has various adverse factors."

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