The KOSPI index surged over 2% in early trading, fluctuating around the 7000 mark. The KOSDAQ also showed a rise of over 1%.
According to the Korea Exchange, as of 9:06 a.m., the KOSPI was trading at 6976.33, up 162.99 points (2.39%) from the previous trading day. The index opened at 6995.67, up 182.33 points (2.68%), and reached a high of 7010.86 early in the session.
In the securities market, individual and foreign investors were net buyers, purchasing 470.5 billion won and 201.7 billion won, respectively. Meanwhile, institutions were net sellers, offloading 667.7 billion won.
Most of the top market capitalization stocks showed strong performance. Hyundai Motor rose by 6.93%, followed by SK Hynix at 5.78%, Samsung Life at 5.32%, Samsung Electro-Mechanics at 3.33%, Kia at 3.28%, SK Square at 2.78%, Samsung Electronics at 1.68%, Samsung C&T at 1.51%, LG Energy Solution at 0.82%, and Samsung Biologics at 0.32%. In contrast, Hanwha Aerospace fell by 1.86% and KB Financial dropped by 0.59%.
At the same time, the KOSDAQ was trading at 874.34, up 12.97 points (1.51%) from the previous day. The index opened at 868.07, up 6.70 points (0.78%), and continued its upward trend.
In the KOSDAQ market, individual and institutional investors were net sellers, selling 12 billion won and 16.9 billion won, respectively. Conversely, foreign investors were net buyers, purchasing 26.7 billion won.
Most of the top KOSDAQ stocks also experienced gains. IOTechniques rose by 4.89%, followed by Juseong Engineering at 3.18%, Rainbow Robotics at 2.82%, EcoPro BM at 2.71%, EcoPro at 2.28%, HLB at 2.11%, Alteogen at 0.63%, and ABL Bio at 0.58%. Rino Industrial remained flat, while Wonik IPS fell by 2.08%.
Han Ji-young, a researcher at Kiwoom Securities, stated, "Despite profit-taking pressures following recent consecutive gains and cautious sentiment ahead of the holiday, the domestic stock market is expected to show a strong trend, supported by relief over the U.S. Producer Price Index for July and positive news from SanDisk."
He added, "While there may be adjustments due to profit-taking pressures during the session, considering the improved market resilience and quality of supply and demand compared to the past, the market is likely to continue on a recovery path, consistently raising its lows."
* This article has been translated by AI.
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