The KOSPI index is up over 3% in early trading, buoyed by strong performances in U.S. artificial intelligence (AI) and semiconductor stocks. The surge follows the submission of an initial public offering (IPO) application by Anthropic, reviving expectations for AI profitability and contributing to gains in semiconductor shares on the New York Stock Exchange overnight.
As of 9:06 a.m. KST, the KOSPI has risen 210.28 points (3.84%) to 5,679.75. The index opened at 5,658.65, up 189.18 points (3.46%) from the previous close.
In the securities market, foreign investors have net purchased 409.8 billion won. In contrast, individual and institutional investors have net sold 462.1 billion won and 10.1 billion won, respectively.
Most of the top market capitalization stocks are rising, including Samsung Electronics (up 4.23%), SK Hynix (up 5.88%), SK Square (up 8.58%), LG Energy Solution (up 1.47%), Hyundai Motor (up 2.26%), KB Financial (up 1.56%), Samsung Life Insurance (up 2.64%), and Samsung C&T (up 3.42%). However, Samsung Biologics is down 2.34%.
At the same time, the KOSDAQ index is trading at 747.39, up 20.18 points (2.77%) from the previous day. It opened at 743.09, up 15.88 points (2.18%).
In the KOSDAQ market, foreign investors have net purchased 35.7 billion won, while individual and institutional investors have net sold 23.6 billion won and 8.8 billion won, respectively.
Among the top KOSDAQ stocks, Alteogen (up 1.60%), EcoPro (up 3.73%), EcoPro BM (up 2.79%), JUSUNG Engineering (up 5.01%), Rainbow Robotics (up 2.59%), HLB (up 0.13%), EoTechnics (up 5.41%), and Rino Industry (up 5.08%) are all seeing gains.
Overnight, the New York Stock Exchange saw a broad increase in AI-related stocks. On October 26, the Dow Jones Industrial Average closed up 0.28% at 52,361.58. The S&P 500 rose 0.70% to 7,676.77, while the Nasdaq Composite gained 0.83% to finish at 26,169.38.
The renewed expectations for AI profitability, following Anthropic's IPO filing with the U.S. Securities and Exchange Commission (SEC), have bolstered investor sentiment. Nvidia rose 2.39%, Broadcom increased by 2.33%, and Micron Technology climbed 2.98%. The Philadelphia Semiconductor Index also rose 2.82%, marking its largest increase since September 21.
Han Ji-young, a researcher at Kiwoom Securities, stated, "The positive sentiment in U.S. AI and semiconductor stocks, driven by Anthropic's IPO filing and the stabilization of WTI prices amid the four-nation talks in the Middle East, suggests a potential rebound. However, while the KOSPI's moving averages are still showing a reverse arrangement pattern, the upcoming major events (FOMC, big tech earnings, semiconductor results) could create opportunities for a shift in market sentiment. At this point, it may be more prudent to maintain existing positions rather than further reducing stock exposure, reflecting the potential for improved price resistance and stock rebounds."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.