The KOSPI closed at 7,822.24 (+4.32%) on the day, marking a significant rally as investor sentiment strengthened amid positive economic indicators. The index traded within a range of 7,713.49 to 7,899.32, reflecting robust buying interest and pushing the index to new heights, surpassing the previous 52-week high of 7,822.24.

From a technical perspective, the KOSPI is firmly above its 20-day simple moving average (SMA) of 6,589.96 and its 50-day SMA of 5,980.92, indicating strong bullish momentum. However, the relative strength index (RSI) at 94.9 suggests the market is in overbought territory, which could lead to profit-taking or a pullback in the near term, as such high RSI levels typically indicate that the index may be due for a correction.

Looking ahead, market participants should monitor the key support level around 7,713.49, while the psychological barrier of 8,000 may serve as a critical resistance level to watch. Continued strength above these levels could further signal bullish sentiment, while any significant reversal could prompt caution among investors.