The KOSPI index rose more than 4% in early trading on August 5, recovering the 6600 mark, driven by a rally in U.S. semiconductor stocks. Following a surge in major semiconductor companies like Micron on Wall Street, foreign investors have been buying, pushing the index higher.
According to the Korea Exchange, as of 9:07 a.m., the KOSPI was up 272.90 points (4.29%) at 6631.85. The index opened at 6603.48, up 244.53 points (3.85%), and continued to gain momentum.
In the main stock market, individual and institutional investors sold a net 357.6 billion won and 185.3 billion won, respectively. In contrast, foreign investors were net buyers, purchasing 510.5 billion won, which contributed to the index's rise.
Major stocks in the KOSPI also showed strong performance. Samsung Electro-Mechanics rose 11.39%, followed by SK Square (7.64%), SK Hynix (5.71%), Samsung Life Insurance (5.40%), Samsung C&T (5.27%), Samsung Electronics (4.58%), KB Financial (3.44%), Hyundai Motor (3.06%), LG Energy Solution (2.89%), and Samsung Biologics (0.61%).
At the same time, the KOSDAQ index recorded a gain of 5.06 points (0.65%), reaching 785.78. It opened at 794.93, up 14.21 points (1.82%).
In the KOSDAQ market, individual investors were net buyers, purchasing 340.2 billion won, while foreign and institutional investors sold a net 265.6 billion won and 73.4 billion won, respectively.
Among the top KOSDAQ stocks, performance was mixed. Alteogen rose 2.06%, Juseong Engineering 0.66%, and Rino Technology 0.31%. However, ABL Bio fell 2.49%, EcoPro BM 1.27%, Wonik IPS 1.24%, HLB 0.44%, Rainbow Robotics 0.43%, EcoPro 0.37%, and Peptron 0.35%.
Han Ji-young, a researcher at Kiwoom Securities, stated, "Today, the KOSPI is expected to start strong, reflecting the favorable macro environment with falling international oil prices and U.S. Treasury yields, along with the strength of U.S. semiconductor stocks and the rise in KOSPI 200 night futures."
He added, "In addition to the recent surge in U.S. semiconductor stocks, the upward revision of KOSPI earnings estimates and the lower valuation burden compared to KOSDAQ continue to support the rally in large-cap stocks, including semiconductors."
* This article has been translated by AI.
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