KOSPI has made history by surpassing the 9,000-point mark for the first time, despite hawkish outcomes from the U.S. Federal Open Market Committee (FOMC). The index reached this milestone just 22 trading days after crossing 8,000 points, continuing its rapid ascent. In contrast, KOSDAQ fell over 3%, dropping below the 1,000-point threshold, showcasing a starkly different trend.
According to the Korea Exchange, as of 1:33 PM, KOSPI was up 170.69 points (1.93%) at 9,034.93. The index opened at 8,884.92, up 20.68 points (0.23%), and expanded its gains, surpassing 9,000 points at 12:52 PM, reaching 9,000.68.
KOSPI has seen a remarkable rally, having crossed the 4,000-point mark on October 27 last year, 5,000 points on January 22 this year, 6,000 points on February 25, and both 7,000 and 8,000 points on June 6 and 15, respectively, culminating in today’s achievement of 9,000 points.
In the securities market, both retail and institutional investors contributed to the index's rise, with net purchases of 487.7 billion won and 130.2 billion won, respectively. However, foreign investors sold off 541.3 billion won, indicating profit-taking.
Among the top market capitalization stocks, semiconductor shares led the gains. Samsung Electronics rose by 2.89%, SK Hynix by 7.02%, SK Square by 7.39%, Samsung Electro-Mechanics by 8.46%, Samsung Life by 3.69%, and Samsung C&T by 0.31%. Conversely, Hyundai Motor fell by 2.59%, LG Energy Solution by 3.85%, and HD Hyundai Heavy Industries by 3.39%.
Notably, SK Hynix surpassed the 2.6 million won mark early in the session, setting a new all-time high.
On the other hand, KOSDAQ displayed a relatively weak performance. At the same time, the KOSDAQ index was down 32.95 points (3.19%) at 999.01. The index opened at 1,029.81 and widened its losses, falling below 1,000 points around 1:08 PM.
In the KOSDAQ market, retail investors made net purchases of 401.2 billion won, while foreign and institutional investors sold off 231 billion won and 164.8 billion won, respectively.
Most of the top market capitalization stocks were in decline. Alteogen fell by 1.47%, EcoPro BM by 4.72%, EcoPro by 4.72%, Rainbow Robotics by 3.20%, JUSUNG Engineering by 5.45%, Kolon TissueGene by 4.07%, Rino Technology by 3.91%, and Samchundang Pharm by 5.42%. Only a few stocks, such as Wonik IPS (0.37%) and HLB (1.18%), maintained an upward trend.
* This article has been translated by AI.
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