The KOSPI index continued its upward trend, rising over 1% as foreign and institutional investors engaged in net buying, stabilizing above the 7000 mark. Despite geopolitical uncertainties from the Middle East and rising international oil prices, buying pressure, particularly in semiconductor stocks, has driven the index higher. The KOSDAQ also showed strength, buoyed by foreign purchases.
According to the Korea Exchange, as of 12:29 PM, the KOSPI was trading at 7059.01, up 104.49 points (1.50%) from the previous trading day.
The index opened at 6972.87, up 18.35 points (0.26%) from the last session, and has since expanded its gains, maintaining its position above 7000 after recovering earlier in the morning.
In the securities market, foreign and institutional investors have net bought 111.6 billion won and 680.1 billion won, respectively. In contrast, individual investors are net selling 1.7638 trillion won. As individuals engage in large-scale profit-taking, foreign and institutional investors are absorbing the sell-off, contributing to the index's rise.
Among the top market capitalization stocks, Samsung Electronics rose by 0.74%, SK Hynix by 3.51%, SK Square by 0.13%, Samsung Electro-Mechanics by 2.85%, LG Energy Solution by 0.86%, Hyundai Motor by 0.52%, and Samsung Biologics by 0.07%. However, Samsung C&T fell by 0.13%, KB Financial by 0.69%, and Samsung Life by 1.62%.
At the same time, the KOSDAQ index showed an increase of 14.80 points (1.82%), reaching 826.68.
In the KOSDAQ market, foreign and institutional investors net bought 226.2 billion won and 16 billion won, respectively, while individuals net sold 241.7 billion won.
Among the top KOSDAQ stocks, Alteogen rose by 0.72%, EcoPro by 1.23%, EcoPro BM by 1.91%, Juseong Engineering by 5.86%, Rainbow Robotics by 2.54%, Wonik IPS by 3.11%, EO Technics by 4.70%, Rino Technology by 1.60%, and Simtech by 6.98%, all showing upward trends.
* This article has been translated by AI.
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