This photo, taken Wednesday, shows the trading room of Hana Bank in Seoul as South Korean stocks extended their winning streak for a fifth straight day on a semiconductor rally. Photo by Yonhap
South Korean stocks extended their winning streak for the fifth consecutive session Wednesday on semiconductors to land at a new high, while investors remained cautious of the U.S. Federal Reserve's rate-setting meeting later this week.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 137.64 points, or 1.58 percent, to 8,864.24, inching closer to the 9,000-point mark.
After opening lower, the index entered positive territory in the afternoon, boosted by buying pressure from retail and institutional investors.
The two groups net purchased a combined 1.1 trillion won (US$727.3 million). Foreign investors dumped a net 992.3 billion won.
