The KOSPI, which had plummeted nearly 8% the previous day, has rebounded over 4% thanks to strong institutional buying. After a weak start, major semiconductor stocks turned upward, bringing the KOSPI close to recovering the 8000 mark.
According to the Korea Exchange, as of 1:20 PM, the KOSPI was up 329.48 points (4.31%) at 7977.57. The index opened at 7739.75, up 91.66 points (1.20%) from the previous day, and despite some volatility during the session, it expanded its gains and approached the 8000 level.
Institutions are driving the demand. In the securities market, institutions have net purchased 2.4979 trillion won, while individuals and foreigners have net sold 1.0359 trillion won and 1.5310 trillion won, respectively.
Most of the top market capitalization stocks are showing gains. Samsung Electronics (up 8.39%), SK Hynix (up 6.95%), SK Square (up 0.46%), Samsung Electro-Mechanics (up 0.42%), Hyundai Motor (up 1.04%), LG Energy Solution (up 0.42%), Samsung Life Insurance (up 4.72%), Samsung C&T (up 5.66%), and Samsung Biologics (up 0.64%) are all on the rise.
In contrast, the KOSDAQ continues to struggle. At the same time, the KOSDAQ was down 14.85 points (-1.71%) at 851.87. The index opened at 875.18, up 8.46 points (0.98%) from the previous day, but turned downward shortly after opening and has been widening its losses.
In the KOSDAQ market, individuals have net purchased 111.8 billion won, while foreigners and institutions have net sold 21.9 billion won and 100 billion won, respectively.
The top market capitalization stocks in the KOSDAQ are showing mixed trends. Alteogen (-4.13%), EcoPro BM (-2.71%), Rainbow Robotics (-1.96%), Juseong Engineering (-13.45%), and ABL Bio (-2.06%) are declining. Meanwhile, EcoPro (up 0.12%), Kolon TissueGene (up 3.10%), Wonik IPS (up 1.14%), HLB (up 0.74%), and Rino Industrial (up 2.00%) are on the rise.
* This article has been translated by AI.
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