The KOSPI index has surged more than 4%, attempting to settle above the 6,600 mark. Investor sentiment has revived following a rally in U.S. semiconductor stocks, triggering a buying sidecar early in the session.
As of 1:36 p.m. on August 5, the KOSPI was up 261.53 points (4.11%) at 6,620.48. The index opened at 6,603.48, up 244.53 points (3.85%) from the previous close, and expanded its gains, prompting the buying sidecar to activate around 9:24 a.m. This marks the 23rd buying sidecar activation in the KOSPI market.
In the securities market, individual investors have net sold 1.6896 trillion won, while foreign and institutional investors have net bought 1.5045 trillion won and 147.2 billion won, respectively, pushing the index higher.
Major stocks in the KOSPI are showing strong gains. Samsung Electro-Mechanics is up 13.84%, followed by Samsung C&T at 7.44%, SK Hynix at 6.98%, SK Square at 6.23%, Hyundai Motor at 3.82%, Samsung Life at 3.24%, Samsung Electronics at 3.13%, LG Energy Solution at 1.67%, KB Financial at 1.24%, and Samsung Biologics at 1.02%.
Kang Jin-hyuk, a researcher at Shinhan Investment Corp, noted, "The activation of the buying sidecar in the KOSPI market was driven by strong buying momentum fueled by stabilizing oil prices and interest rates, along with optimism surrounding AI developments."
At the same time, the KOSDAQ index recorded a gain of 17.20 points (2.20%), reaching 797.92. It opened at 794.93, up 14.21 points (1.82%).
In the KOSDAQ market, foreign and institutional investors have net sold 418.9 billion won and 65 billion won, respectively, while individual investors have net bought 476.7 billion won, absorbing the supply.
Among the top market cap stocks, all except EcoPro BM (-1.07%) are rising. Notable gainers include IOTechniques at 7.28%, JUSUNG Engineering at 4.71%, Alteogen at 3.93%, HLB at 3.78%, Rino Industry at 3.11%, Rainbow Robotics at 2.78%, Wonik IPS at 1.87%, Rigakem Bio at 1.09%, ABL Bio at 0.62%, and EcoPro at 0.12%.
Lee Kyung-min, a researcher at Daishin Securities, stated, "The KOSDAQ has seen an influx of buying due to a reduction in valuation pressure from declining forward P/E ratios, along with a drop in government bond yields and renewed interest in the KOSDAQ's upward mobility issues."
* This article has been translated by AI.
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