KOSPI breaks 5,800 on Korea Exchange — what to watch for South Korean stocks next week
South Korea’s KOSPI closed at a record 5,808.53 on Friday, up 2.31%, driven by institutional buying and gains in chip stocks. The KOSDAQ fell 0.58% to 1,154.00. BlackRock disclosed a 5% stake in SK hynix. The Bank of Korea’s next policy meeting is set for Feb. 26.