The KOSPI index recovered above 6500 on August 5, closing with a gain of over 3%. Meanwhile, the KOSDAQ approached the 800 mark amid expectations of improved supply and demand following stricter regulations on single-stock leveraged exchange-traded funds (ETFs).
According to the Korea Exchange, the KOSPI closed at 6598.26, up 239.30 points (3.76%) from the previous trading day. A program buying halt was triggered around 9:24 a.m.
Foreign investors net bought 1.4464 trillion won in the securities market, while individuals and institutions sold 1.1853 trillion won and 280.2 billion won, respectively.
Major stocks in the KOSPI market all closed higher, including Samsung Electro-Mechanics (up 14.26%), Samsung C&T (7.29%), SK Hynix (5.52%), SK Square (5.47%), Samsung Life (4.32%), Hyundai Motor (3.18%), Samsung Electronics (2.71%), LG Energy Solution (1.67%), KB Financial (1.36%), and Samsung Biologics (0.88%).
Lee Kyung-min, a researcher at Daishin Securities, noted, "The KOSPI, which has a high proportion of semiconductors, showed a stronger upward trend than the KOSDAQ, prompting the buying halt. The net buying by foreign investors led to a broad-based buying trend, particularly in sectors related to artificial intelligence (AI) infrastructure."
Meanwhile, the KOSDAQ index closed at 799.59, up 18.87 points (2.42%) from the previous day. The index started at 794.93, up 1.82% from the last close, and expanded its gains.
In the KOSDAQ market, individuals net bought 395 billion won, while foreign investors and institutions sold 298 billion won and 110.8 billion won, respectively.
Most of the top stocks in the KOSDAQ showed strong performance, including Simtek (up 14.21%), Juseong Engineering (5.07%), Alteogen (3.56%), Rino Technology (3.26%), Rainbow Robotics (3.00%), HLB (1.89%), Wonik IPS (1.24%), EcoPro (0.24%), and ABL Bio (0.12%). However, EcoPro BM saw a slight decline of 0.98%.
The researcher added, "The KOSDAQ saw an influx of buying as the decline in forward price-to-earnings ratio eased valuation pressures, coupled with falling government bond yields and renewed interest in KOSDAQ listing issues."
* This article has been translated by AI.
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