KOSPI closes 2% higher on Samsung Electronics surge

The KOSPI also closed higher as Samsung Electronics, the top market cap, continued its surge.

Today, Samsung Electronics closed at 56,700 won, up nearly 6% from the previous trading day.

It continued its gains after gaining more than 7% on Friday's low-priced buying last week.

Analysts say that the announcement of the stock purchase worth 10 trillion won is largely due to the increased expectations for stock price stimulus.

As Samsung Electronics rose, the KOSPI also had a warm wind.

The KOSPI rose more than 2% to close below the 2,470-mark.

KOSDAQ also rose 0.6% to close at 689.55.