The KOSPI is displayed on a screen at Hana Bank’s dealing room in Seoul, Thursday.
The KOSPI reclaimed the 7,000 level for the first time in five trading sessions, closing at 7,096.89, up 299.19 points, or 4.40 percent, from the previous session.
Yonhap KOSPI surged back above the 7,000 level after five trading sessions on Thursday as Alphabet’s stronger-than-expected capital spending outlook reignited optimism over the artificial intelligence (AI) boom.
The Kosdaq also jumped sharply, triggering a temporary halt on program buying orders.
The benchmark KOSPI opened 2.44 percent higher at 6,963.35, up 165.65 points from the previous session, and ended at 7,096.89, gaining 299.19 points, or 4.40 percent.
