The KOSPI index rose more than 2% on expectations surrounding Samsung Electronics' second-quarter preliminary results and the listing of SK Hynix's American Depositary Receipts (ADRs), recovering above the 8,310 mark.
As of 9:17 a.m. on July 6, the KOSPI was up 224.89 points (2.78%) at 8,313.23. The index opened at 8,186.82, up 98.48 points (1.22%), and continued to gain ground.
In the securities market, individual investors have made a net purchase of 916.7 billion won, while foreign and institutional investors sold a net 733.9 billion won and 195 billion won, respectively.
Among the top market capitalization stocks, Samsung Electronics rose 3.88%, SK Hynix increased by 1.44%, SK Square was up 3.96%, Hyundai Motor gained 0.30%, Samsung Life Insurance rose 2.09%, and Samsung C&T increased by 3.11%. Conversely, Samsung Electro-Mechanics fell by 1.26%, LG Energy Solution dropped by 1.10%, and Samsung Biologics decreased by 0.99%.
At the same time, the KOSDAQ index recorded a decline of 7.08 points (0.82%), standing at 861.33. The index opened at 866.40, down 2.01 points (0.23%), and continued to widen its losses.
In the KOSDAQ market, foreign and institutional investors sold a net 113.5 billion won and 18.2 billion won, respectively, while individual investors purchased a net 137.3 billion won.
Among the top market capitalization stocks, Alteogen fell by 1.32%, EcoProBM decreased by 1.29%, Rainbow Robotics dropped by 0.30%, Wonik IPS fell by 4.58%, and Rino Technology declined by 3.18%. In contrast, EcoPro rose by 0.69%, JUSUNG Engineering increased by 1.61%, Kolon TissueGene gained 4.65%, HLB was up 4.24%, and PSK rose by 4.28%.
Han Ji-young, a researcher at Kiwoom Securities, stated, "This week, the changing investment sentiment in semiconductor stocks and the sustainability of sector rotation are the market's primary concerns. While macro events, such as the minutes from the June Federal Open Market Committee (FOMC) meeting, are scheduled, the key events influencing market direction and volatility will be the preliminary results from Samsung Electronics and the listing of SK Hynix's ADRs."
He added, "During these events, daily and intraday volatility may increase, but the valuation burden on the KOSPI has significantly decreased, falling below a forward price-to-earnings ratio (PER) of 7 for the first time since the financial crisis. It is appropriate to view the market direction as upward and respond accordingly throughout the week."
* This article has been translated by AI.
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