A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at a record high of 8,476.15 points on May 29, up 290.86 points, or 3.55 percent, from the previous trading session. [NEWS1]
Although the benchmark Kospi surged more than 28 percent in May, most stocks actually declined during the month, signaling growing market polarization as buying activity concentrated in a small number of large-cap stocks driven by the artificial intelligence semiconductor rally.
The Kospi closed at a record high of 8,476.15 on Friday, up 3.55 percent from Thursday, according to the Korea Exchange. The index has jumped 28.45 percent so far in May.
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However, only one sector, electrical and electronics, outperformed the Kospi's return. Twenty-one other sectors, including insurance, retail and IT services, lagged behind the broader market's gains.
