South Korea's KOSPI Index momentarily breached the 5,500-point level! Xtrackers MSCI Korea UCITS ETF (02848.HK) surged over 4%

NewTimeSpace News: March 24—Japanese and South Korean markets opened higher. South Korea's KOSPI Index surged 4.29% to 5,637.61 points, with SK Hynix jumping over 6% and Samsung Electronics climbing more than 4%. Xtrackers MSCI Korea UCITS ETF (02848.HK) gained over 4%.

Hong Kong Exchange data shows that Xtrackers MSCI Korea UCITS ETF (02848.HK) tracks the MSCI Korea 20/35 Custom Index—a "capped index" designed by MSCI to comply with EU UCITS fund regulations. It maintains representativeness and investability across South Korea's large- and mid-cap universe while mitigating single-company concentration risk through hard weight limits. Top constituents include SK Hynix, Samsung Electronics, NAVER, Hyundai Motor, and Shinhan Financial Group.

The Bank of Korea released provisional February 2026 Producer Price Index (PPI) data on March 24, 2026. The month-on-month PPI held steady at 0.6%, matching the prior reading and extending the uptrend. Year-on-year PPI accelerated to 2.4%, rebounding from the previous 1.90%, signaling strengthening upward price pressure at the producer level.

South Korean President Lee Jae-myung on Tuesday called for nationwide energy conservation to address supply concerns over oil and natural gas triggered by the Iran conflict, pledging that public institutions would reduce official vehicle usage. Speaking at a cabinet meeting, Lee also urged swift passage of a supplementary budget to assist those affected by the energy situation, stating that now is the time for effective fiscal deployment rather than fixating on austerity.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.