The KOSPI opened higher, recovering above the 7000 mark, buoyed by strong performance in large-cap semiconductor stocks. The index is showing a rebound as buying pressure increases following recent sharp declines.
As of 9:02 a.m. on July 15, the KOSPI was up 238.09 points (3.47%) at 7094.92 compared to the previous trading day. In the securities market, individuals sold a net 95.6 billion won, while foreign investors purchased a net 133.6 billion won. Institutions were net sellers of 37 billion won.
Most of the top stocks by market capitalization on the KOSPI are rising. The strength in semiconductor stocks is particularly notable, with Samsung Electronics up 6.65%, SK Hynix soaring 10.04%, SK Square rising 11.85%, Samsung Electronics preferred shares increasing 6.70%, and Samsung Electro-Mechanics climbing 9.76%. Other gainers include Hyundai Motor (up 2.36%), LG Energy Solution (up 2.95%), Samsung Life Insurance (up 6.62%), KB Financial Group (up 2.33%), and Samsung Biologics (up 1.75%).
The KOSDAQ index is also experiencing a rebound. It recorded an increase of 26.57 points (3.39%) to reach 810.55 compared to the previous trading day. In the KOSDAQ market, individuals bought a net 43.9 billion won, while foreign and institutional investors sold a net 32.6 billion won and 11.7 billion won, respectively.
Most of the top stocks by market capitalization on the KOSDAQ are also showing strength. Notable gainers include Alteogen (up 3.94%), EcoPro BM (up 6.22%), EcoPro (up 6.32%), JUSUNG Engineering (up 4.10%), Rainbow Robotics (up 3.37%), Kolon TissueGene (up 4.39%), Wonik IPS (up 3.15%), and Rino Technology (up 3.15%). However, PSK is down 2.75%.
Han Ji-young, a researcher at Kiwoom Securities, stated, “Given that the domestic stock market has faced unprecedented adjustments beyond the financial crisis, there is little room for further declines in stock prices or valuations. It is essential to align the market's direction with a recovery path rather than additional adjustments.”
* This article has been translated by AI.
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