The KOSPI index is experiencing a significant rise of over 3%, fueled by simultaneous net buying from foreign investors and institutions. Major semiconductor stocks, including Samsung Electronics and SK Hynix, are leading the index's upward trend. A buying sidecar was also activated during the morning session. In contrast, the KOSDAQ started with a 0.35% decline and has been fluctuating around the break-even point.
As of 2:05 PM, the KOSPI is trading at 6,581.79, up 236.26 points (3.72%) from the previous trading day. The index opened at 6,438.50, up 92.97 points (1.47%), and later peaked at 6,668.43, surpassing the 6,600 mark.
Individuals are net selling shares worth 3.1176 trillion won, while foreign investors and institutions are net buying 2.3013 trillion won and 1.0105 trillion won, respectively.
The Korea Exchange activated a buying sidecar for the securities market at 11:57 AM. The mini KOSPI 200 futures rose 5.13% from the base price of 987.08 points to 1,037.76 points, leading to a five-minute suspension of program trading buy orders from the activation point. This marks the 47th sidecar activation in the KOSPI market this year, with 24 sell sidecars and 23 buy sidecars triggered in the securities market since the beginning of the year.
Most of the top market capitalization stocks are performing well. Samsung Electronics is trading at 255,500 won, up 16,000 won (6.68%), while SK Hynix has risen 8,000 won (5.61%) to 1,505,000 won. Other gainers include Samsung Electronics preferred shares (3.19%), SK Square (7.72%), Samsung Electro-Mechanics (4.91%), LG Energy Solution (1.27%), Hyundai Motor (1.24%), Samsung Life Insurance (5.70%), and Hanwha Aerospace (7.29%).
On the other hand, Samsung Biologics is down 3.17%, and KB Financial is down 0.36%.
At the same time, the KOSDAQ is trading at 858.46, up 0.62 points (0.07%) from the previous trading day. The index opened at 854.85, down 2.99 points (0.35%), and has been fluctuating around the break-even point, with a peak of 860.76 during the session.
Individuals are net buying shares worth 284.7 billion won, while foreign investors and institutions are net selling 134.6 billion won and 142.3 billion won, respectively.
The top market capitalization stocks in the KOSDAQ are mixed. EcoPro is up 0.66%, EcoPro BM is up 2.00%, Rainbow Robotics is up 1.77%, Juseong Engineering is up 6.25%, HLB is up 0.30%, Wonik IPS is up 6.49%, and EO Technics is up 2.85%. Conversely, Alteogen is down 3.21%, Rino Industrial is down 0.56%, and ABL Bio is down 2.36%.
* This article has been translated by AI.
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