Attention is focused on whether the positive momentum from U.S. semiconductor stocks will carry over to the domestic market on August 5. Following a significant rise in major semiconductor stocks like Micron on Wall Street, Samsung Electronics and SK Hynix both saw gains of over 5% in pre-market trading, raising expectations for a higher opening for the KOSPI.
According to NextTrade, as of 8:35 a.m., SK Hynix was trading at 1,672,000 won, up 95,000 won (6.02%) from the previous trading day. Samsung Electronics also rose by 12,000 won (5.00%) to 252,000 won.
The previous day, the New York Stock Exchange closed with all major indices in the green. The Dow Jones Industrial Average and the S&P 500 both set new all-time closing highs. The S&P 500's record was last broken on June 2, when it reached 7,609.78.
The rise in the New York market was led by technology and semiconductor stocks. Investors eased concerns over excessive investment in the artificial intelligence (AI) sector, leading to increased buying in related stocks. Major semiconductor companies, including Nvidia (up 2.56%) and Micron (up 7.62%), as well as SanDisk (up 10.97%), Marvell Technology (up 12.81%), and Intel (up 10.84%), all experienced significant gains.
Han Ji-young, a researcher at Kiwoom Securities, stated, "In addition to the surge in U.S. semiconductor stocks, the upward revision of KOSPI earnings estimates and the relatively low valuation burden compared to the KOSDAQ continue to support a bullish trend for large-cap stocks, including semiconductors."
He added, "Today, the KOSPI is expected to open higher, reflecting the strength of U.S. semiconductor stocks like Micron and the rise in KOSPI 200 night futures, amid a favorable macro environment characterized by falling international oil prices and U.S. Treasury yields."
Meanwhile, attention is also on whether the KOSDAQ, which has seen a recent surge, will continue its upward trend today. The KOSDAQ rose sharply by 5.19% the previous day, marking its third consecutive day of gains following increases of 11.63% on July 31 and 2.44% on August 3.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.