The benchmark Korea Composite Stock Price Index(KOSPI) on Wednesday surged a whopping 33-point-04 points or one-point-31 percent to smash its previous record set just Tuesday. 

The KOSPI closed the day at two-thousand-556-point-47, breaking its record high for a fourth consecutive session. The tech industry is behind the rise with Samsung Electronics breaking the two-point-eight million won threshold for the first time after its announcement the previous day to increase dividend payouts. 

Analysts also attributed the surge to gains on Wall Street Tuesday, with the Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite each posting their best monthly gains since February on strong corporate earnings.

The tech-heavy KOSDAQ was also up, gaining one-point-57 points, or point-23 percent. It closed the day at 695-point-77. 

On the foreign exchange market, the value of the local currency strengthened five-point-nine won against the U.S. dollar, closing at one-thousand-114-point-five won.