The KOSPI index surged above 7800 for the first time since April 1, climbing more than 8% amid easing geopolitical tensions in the Middle East, a resolution in labor negotiations at Samsung Electronics, and strong performance from Nvidia.
According to the Korea Exchange, the KOSPI closed at 7815.59, up 606.64 points (8.42%) from the previous trading day, marking the largest single-day gain in history.
Kang Jin-hyuk, an analyst at Shinhan Investment Corp, stated, "The resolution of uncertainties surrounding the Samsung Electronics strike, Middle East tensions, and Nvidia's earnings has boosted risk appetite, leading to a strong upward trend in the index. Most sectors, including secondary batteries, biotech, and robotics, rebounded significantly."
Lee Kyung-min, an analyst at Daishin Securities, noted, "Increased institutional buying and a stabilization in foreign selling have expanded the gains. The negative pressures that had been weighing down the market have eased, resulting in a strong rebound."
In the securities market, institutions purchased over 3.2 trillion won worth of stocks, driving prices higher, while individuals sold approximately 2.8 trillion won. Foreign investors continued their selling streak for the 11th consecutive trading day, offloading around 400 billion won in stocks.
Notably, Samsung Electronics reached a record high, closing at 299,500 won, up 8.51%. SK Hynix also recovered, rising 11.17% to 1,940,000 won.
In the KOSPI market, nearly all sectors rose, particularly semiconductors and automobiles. The electric and electronics sector increased by 9.69%, transportation equipment and parts by 9.10%, manufacturing by 8.96%, insurance by 8.63%, machinery and equipment by 8.50%, retail by 8.32%, securities by 7.51%, finance by 7.01%, construction by 6.30%, and electric and gas by 5.71%.
Samsung affiliates saw significant gains, with Samsung Life rising 13.78%, Samsung Electro-Mechanics up 13.48%, and Samsung C&T increasing by 12.96%. Hyundai Motor Group stocks also surged, with Hyundai Mobis up 25.23%, Hyundai Motor rising 12.50%, and Kia increasing 12.38%. LG Electronics hit its upper limit, while LG Electronics preferred shares rose by over 26%.
The KOSDAQ index closed at 1105.97, up 49.90 points (4.73%) from the previous trading day.
In the KOSDAQ market, foreign investors purchased 160 billion won, and institutions bought 140 billion won, supporting the index, while individuals showed a selling trend of nearly 300 billion won.
EcoPro BM, the top KOSDAQ stock by market capitalization, rose 10.36%, while Iot Technics surged 18.83%, Rainbow Robotics increased by 16.46%, and Wonik IPS rose by 11.97%.
* This article has been translated by AI.
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