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KOSPI hits new closing high on optimism about earnings reports, economic recovery Updated: 2021-01-26 03:51:59 KST

Over in South Korea, local shares closed at a record high piercing through the 32-hundred mark for the first time ever.
Chip giants led the way and investors hoped that a massive stimulus package would be passed soon in the U.S.
The benchmark KOSPI soared nearly 2.2 percent to close at 32-09 backed largely by institutional and overseas buyers.
The tech-heavy KOSDAQ gained about two percent to finish at 999.
Investors remain optimistic about the soon-to-be-released Q4 earnings from major firms including Samsung and SK hynix.
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