The KOSPI index rebounded after a sharp decline in early trading, supported by simultaneous buying from foreign and institutional investors. Despite starting over 2% lower due to weakness in U.S. semiconductor stocks and geopolitical risks in the Middle East, the index managed to recover above the 7700 mark as bargain hunters entered the market.
As of 10:03 a.m. on July 8, the KOSPI was up 66.34 points (0.87%) at 7722.65, recovering from an initial drop of 203.83 points (2.66%) to 7452.48. After starting weakly, the index turned around thanks to the buying momentum from foreign and institutional investors.
In the securities market, foreign and institutional investors recorded net purchases of 90.2 billion won and 917.4 billion won, respectively, while individual investors sold off a net 1.023 trillion won.
Among the top market capitalization stocks, SK Hynix rose by 5.54%, Samsung Electronics by 1.10%, SK Square by 1.25%, Samsung Electro-Mechanics by 0.30%, and Hyundai Motor by 0.83%. Conversely, LG Energy Solution fell by 1.96%, Samsung Life Insurance by 2.67%, Samsung C&T by 1.06%, and Samsung Biologics by 1.20%.
At the same time, the KOSDAQ index recorded a decline of 10.87 points (1.31%), standing at 830.36. It opened at 816.39, down 14.84 points (1.79%), but narrowed its losses.
In the KOSDAQ market, individual and institutional investors made net purchases of 25.3 billion won and 35.9 billion won, respectively, while foreign investors sold off a net 62.7 billion won.
Among the top KOSDAQ stocks, most showed declines, with the exception of JUSUNG Engineering, which rose by 1.03%. Alteogen fell by 4.00%, EcoPro BM by 1.25%, EcoPro by 1.54%, Rainbow Robotics by 1.85%, Kolon TissueGene by 2.65%, and HLB by 1.16%.
* This article has been translated by AI.
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