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Kospi soars past 6,700 on Samsung, strong earnings from U.S. big techs

Published: 30 Apr. 2026, 09:40

A screen at Woori Bank's dealing room in Jung District, central Seoul shows the Kospi opening on April 30. [YONHAP]

Shares opened higher Thursday at a fresh high over 6,700 as investors bet that chip demand will remain solid amid strong earnings from Samsung and U.S. big tech giants.

The benchmark Kospi added 48.49 points, or 0.72 percent, to a record high of 6,739.39, at the opening bell.

On Wednesday, the Kospi closed at 6,690.90, extending its gains to a third consecutive day.

Overnight, major U.S. indexes closed mixed, with the Dow Jones Industrial Average down 0.57 percent and the S&P 500 losing 0.04 percent, while the tech-heavy Nasdaq composite rose 0.04 percent.

The mixed results came as international oil prices rallied after U.S. President Donald Trump said he would not lift a naval blockade of Iran until a nuclear deal is secured with Tehran, while investors were keeping an eye on earnings reports by tech giants, including Alphabet, Amazon, Meta and Microsoft.

After the U.S. markets closed, all four companies reported stronger-than-expected revenue in the first quarter, reviving hopes for a continued AI boom.

The Brent crude price, an international oil benchmark, spiked 6.1 percent to $118.03 per barrel, and the WTI price also jumped 6.95 percent to $106.88 per barrel.

Yonhap