The KOSPI index is experiencing a surge of over 5% following news of a peace agreement between the United States and Iran. As expectations grow for a reduction in geopolitical risks from the Middle East, the index is nearing the 8600 mark.
As of 1:28 p.m. on June 15, the KOSPI had risen by 464.90 points (5.72%) to reach 8,588.52. The index opened at 8,526.12, up 402.50 points (4.95%), and has continued to climb.
Due to the sharp rise in the KOSPI 200 futures index, a temporary trading halt known as a buy-side circuit breaker was triggered at 9:06 a.m. in the securities market. This marks the second consecutive trading day that a buy-side circuit breaker has been activated, following a similar occurrence on June 12. The buy-side circuit breaker is triggered when the KOSPI 200 futures price rises more than 5% compared to the previous day's closing price and remains at that level for over a minute.
Earlier, in the early hours of June 15, U.S. President Donald Trump announced via Truth Social that a peace agreement with Iran had been reached. He stated, "The agreement with the Islamic Republic of Iran is now finalized," adding, "We fully approve the toll-free passage through the Strait of Hormuz." The domestic stock market is reflecting this news with a bullish trend.
In terms of market dynamics, foreign investors are notably active in buying. In the securities market, individuals and institutions sold a net total of 1.89 trillion won and 653.4 billion won, respectively, realizing profits, while foreign investors purchased a net 1.30 trillion won, driving the index higher.
Major stocks by market capitalization are all showing strong gains. Samsung Electronics is up 4.96%, SK Hynix 7.35%, SK Square 2.80%, Samsung Electro-Mechanics 13.24%, Hyundai Motor 6.75%, LG Energy Solution 3.75%, Samsung Life Insurance 8.82%, Samsung C&T 15.16%, and HD Hyundai Heavy Industries 9.69%.
The KOSDAQ index is also on the rise. At the same time, the KOSDAQ recorded an increase of 6.29 points (0.61%) to reach 1,035.34. It opened at 1,048.19, up 19.14 points (1.86%), but has since given back some gains, fluctuating around the 1030 level.
In the KOSDAQ market, individuals and institutions are net buyers, purchasing 594.7 billion won and 84.8 billion won, respectively, while foreign investors are net sellers, offloading 645.9 billion won.
Among the top market capitalization stocks, there is a mix of performance. Alteogen is up 4.90%, EcoPro BM 8.41%, EcoPro 5.10%, Rainbow Robotics 6.73%, Kolon TissueGene 2.53%, and HPSP 26.43%. Conversely, JUSUNG Engineering is down 4.11%, Wonik IPS 4.09%, Rino Technology 3.83%, and EO Technics 10.95%.
* This article has been translated by AI.
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