KOSPI Surges Over 3%, Opens at 7,775.31 and Hits Record High

The KOSPI opened sharply higher on May 11, rising more than 3% and renewing its all-time high. According to the original report, the index opened at 7,775.31, up 3.70% from the previous session. As of 9:10 a.m., it was up 297.23 points, or 3.96%, from the prior close. The record was reached even as both foreign and institutional investors were selling. The move may draw closer investor attention to major Korean equity benchmarks amid heightened short-term market swings. No additional background beyond the reported trading flow and index figures was provided in the source. Source: mk.co.kr.