KOSPI extends record streak to 3rd day, posting modest gains ahead of key events

KOSPI, coming off a second straight session of a strong rally, traded in a narrow range around the 6,600 level on Wednesday before closing slightly higher, extending its record-setting streak to a third day. Investor sentiment was partly weighed down by overnight losses in U.S. tech stocks, triggered by renewed concerns over OpenAI’s profitability. Still, downside pressure remained limited. The benchmark index opened 22.02 points, or 0.33 percent, lower at 6,619 from the previous session, but later regained ground to close at 6,690.90, up 49.88 points, or 0.75 percent, marking a third consecutive session of record highs. On Monday, the index climbed to 6,615.03, rising 139.40 points, or 2.15 percent, to mark its first-ever close above the 6,600 level. It extended gains on Tuesday, briefly surpassing the 6,700 mark during intraday trading before paring gains to settle at 6,641.02. Heavyweight stocks showed largely lackluster performance. SK hynix closed at 1,293,000 won ($875), down 7,000 won, or 0.54 percent, from the previous session, while Samsung Electronics edged up to 226,000 won,

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