The KOSPI surged over 3% on the morning of September 7, nearing the 6900 mark. Major semiconductor stocks, including Samsung Electronics and SK Hynix, showed strong performance, driven by simultaneous buying from foreign and institutional investors.
According to the Korea Exchange, as of 11:25 a.m., the KOSPI was up 202.90 points (3.03%) at 6890.11, having briefly reached 6923.64 during trading.
In the securities market, foreign and institutional investors recorded net purchases of 906.6 billion won and 759.4 billion won, respectively. In contrast, individual investors sold a net 2.3062 trillion won. Program trading showed a buying advantage of 675.3 billion won, with 144.8 billion won in arbitrage trading and 530.5 billion won in non-arbitrage trading.
Most of the top market capitalization stocks were on the rise. Samsung Electronics traded at 265,500 won, up 3.91%, while SK Hynix rose 5.65% to 1,740,000 won. Other gainers included SK Square (5.96%), Samsung Electronics Preferred (2.14%), KB Financial (1.57%), Hyundai Motor (1.43%), Samsung Electro-Mechanics (1.28%), and LG Energy Solution (0.70%).
Investor sentiment in semiconductor stocks is being bolstered by expectations of increased demand for artificial intelligence (AI) computing. Following a strong performance by semiconductor stocks like Micron and SanDisk in the U.S. market last week, buying interest has spread to domestic semiconductor stocks, including Samsung Electronics and SK Hynix.
Meanwhile, the KOSDAQ index was up 12.42 points (1.53%) at 825.92 at the same time. Foreign investors recorded a net purchase of 12 billion won, while institutions and individuals sold a net 18.2 billion won and 2.4 billion won, respectively.
Among the top KOSDAQ stocks, JUSUNG Engineering surged 5.61%. Other gainers included Roboteam (5.09%), EoTechnics (3.50%), Rino Industry (2.70%), and Wonik IPS (2.61%). However, EcoPro BM (1.32%), HLB (0.89%), and EcoPro (0.85%) also saw increases, while Rainbow Robotics (-0.44%) and Alteogen (-0.35%) faced declines.
On Wall Street, the U.S. stock market fell on September 4 due to concerns over interest rate hikes following strong employment data for August. The Dow Jones Industrial Average dropped 0.51%, the S&P 500 fell 0.38%, and the Nasdaq Composite decreased by 0.29%. However, the Philadelphia Semiconductor Index rose 3.4%, maintaining a favorable investment sentiment for domestic semiconductor stocks.
* This article has been translated by AI.
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