The KOSPI index surged over 4% at the opening on news of a peace agreement between the United States and Iran. As expectations grow for reduced geopolitical risks in the Middle East, optimism is rising for the KOSPI to reach the 9,000-point mark after recently recovering above 8,400.
According to the Korea Exchange, as of 9:10 a.m., the KOSPI was trading at 8,489.37, up 365.75 points (4.50%) from the previous trading day. The index opened at 8,526.12, a rise of 402.50 points (4.95%), and has fluctuated around the 8,400 mark.
Due to the sharp rise in the KOSPI 200 futures index, a trading halt was triggered at 9:06 a.m. in the securities market, known as a buy-side circuit breaker. This marks the second consecutive day that a buy-side circuit breaker has been activated, following one on June 12. The buy-side circuit breaker is triggered when the KOSPI 200 futures price rises more than 5% compared to the previous day's closing price and remains above that level for over a minute.
Earlier, in the early hours of June 15, U.S. President Donald Trump announced the conclusion of peace negotiations with Iran via his social media platform, Truth Social. Trump stated, "The agreement with the Islamic Republic of Iran is now finalized," adding, "I fully approve the free passage through the Strait of Hormuz." The domestic stock market is reflecting this news with a bullish trend.
In the securities market, both individual and institutional investors have been net buyers, purchasing 293 billion won and 171 billion won, respectively, contributing to the index's rise. In contrast, foreign investors sold a net 445 billion won, taking profits.
Major stocks by market capitalization are showing strong gains. Samsung Electronics (up 6.51%), SK Hynix (up 6.09%), SK Square (up 6.11%), Samsung Electro-Mechanics (up 7.23%), Hyundai Motor (up 4.61%), LG Energy Solution (up 3.38%), Samsung Life Insurance (up 4.67%), Samsung C&T (up 8.33%), and HD Hyundai Heavy Industries (up 5.08%) are all rising.
The KOSDAQ index is also on the rise. At the same time, the KOSDAQ recorded a gain of 21.48 points (2.09%), reaching 1,050.53. The index opened at 1,048.19, up 19.14 points (1.86%), and is attempting to settle above the 1,050 mark.
In the KOSDAQ market, individual and institutional investors have net bought 102.9 billion won and 14 billion won, respectively, while foreign investors have sold a net 110.1 billion won.
Most major stocks in the KOSDAQ are showing gains. Alteogen (up 5.19%), EcoPro BM (up 8.18%), EcoPro (up 5.79%), Rainbow Robotics (up 4.01%), Juseong Engineering (up 2.81%), Kolon TissueGene (up 3.12%), Rino Technology (up 0.48%), and HLB (up 2.71%) are all rising. However, Wonik IPS (down 5.35%) and Iot Technics (down 3.92%) are experiencing declines.
* This article has been translated by AI.
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