South Korean stocks opened sharply higher on the 4th, with the Kospi breaking above 6,700 and the Kosdaq rising more than 2%.
According to the Korea Exchange, the Kospi was at 6,765.11 as of 9:08 a.m., up 166.24 points, or 2.52%, from the previous session. The index opened at 6,782.93, up 184.06 points, or 2.79%.
Han Ji-young, a researcher at Kiwoom Securities, said upside drivers remain, including the possibility of upward revisions to the Kospi earnings consensus and the chance of a deal in U.S.-Iran negotiations. “It is appropriate to set a base scenario in which the Kospi continues to push to higher highs this week as well,” Han said.
In the main board market, retail investors were net sellers of 888.4 billion won, while foreign investors and institutions were net buyers of 549.2 billion won and 363.1 billion won, respectively.
Among top market-cap stocks, Samsung Electronics rose 2.72%, SK hynix gained 4.28%, SK Square jumped 8.44%, Hyundai Motor added 1.22%, LG Energy Solution rose 0.98%, Hanwha Aerospace gained 3.32% and HD Hyundai Heavy Industries rose 0.88%. Doosan Enerbility fell 0.24% and Samsung Biologics slipped 0.14%.
SK hynix hit a fresh record high, trading at 1,348,000 won as of 9:12 a.m., up 62,000 won, or 4.82%, from the previous session.
At the same time, the Kosdaq was at 1,216.91, up 24.56 points, or 2.06%. It opened at 1,212.28, up 19.93 points, or 1.67%, and extended gains.
In the Kosdaq market, retail investors and institutions were net sellers of 74.5 billion won and 33.0 billion won, while foreign investors were net buyers of 109.3 billion won.
Among top Kosdaq stocks, EcoPro rose 2.81%, EcoPro BM gained 4.13%, Alteogen added 2.44%, Rainbow Robotics rose 2.86%, Samchundang Pharm gained 0.96%, Kolon TissueGene rose 1.76% and HLB added 1.81%. Lino Industrial fell 1.59%.
* This article has been translated by AI.
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