KOSDAQ has rebounded sharply, driven by a global surge in semiconductor stocks, leading to increased buying across the semiconductor value chain. Following a recent decline, there has been a notable influx of bargain buying in semiconductor equipment and component stocks.
As of 9:40 a.m. on July 31, the KOSDAQ index rose by 52.31 points (8.11%) to reach 697.09, according to the Korea Exchange. Major semiconductor-related stocks in the KOSDAQ also showed strong upward trends.
Jusung Engineering, a company specializing in semiconductor front-end equipment, saw its shares soar by 27.06%. Wonik IPS also experienced a significant increase of 24.90%. Jusung Engineering supplies atomic layer deposition (ALD) and chemical vapor deposition (CVD) equipment, while Wonik IPS provides equipment for deposition and thermal processing in semiconductor manufacturing.
PSK, another semiconductor equipment manufacturer, recorded an increase of over 28%. The company produces dry strip equipment used in photoresist removal processes and is expected to benefit from increased investments in advanced processes. EoTechnics, which manufactures laser-based semiconductor equipment, also joined the upward trend with a rise of more than 19%.
Stocks related to semiconductor components and back-end processes also showed strength. Lino Industrial, which produces test sockets and probe pins used in semiconductor testing, rose by 14.49%, while Simtek, a manufacturer of semiconductor package substrates and PCBs, surged by over 28%. Fabless company Padu, which designs SSD controller semiconductors for data centers, also reflected the overall rebound in the semiconductor sector with a rise of around 23%.
The strength of semiconductor stocks on this day is attributed to a significant rise in global semiconductor stocks in the U.S. market overnight. Improved investor sentiment in technology stocks followed strong earnings from Microsoft and expectations for Amazon's performance, with major semiconductor companies like Micron (up 18.4%) and SanDisk (up 26.0%) seeing substantial gains. Samsung Electronics and SK Hynix also led the KOSPI's rebound with increases of over 20%.
* This article has been translated by AI.
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