KOSPI opened higher, buoyed by a surge in U.S. artificial intelligence (AI) stocks and a decline in international oil prices. Following a strong performance in technology stocks, including the Nasdaq reaching an all-time high, foreign and institutional investors contributed to KOSPI's rise, particularly in the semiconductor sector.
As of 9:05 a.m. on September 22, KOSPI was up 124.02 points (1.67%) at 7,135.44. The KOSDAQ index also started higher, gaining 6.97 points (+0.84%) to reach 841.35.
In the securities market, foreign and institutional investors purchased a net 318.4 billion won and 212.7 billion won, respectively, while individual investors sold a net 595.3 billion won.
Most of the top market capitalization stocks saw gains, including Samsung Electronics (up 2.67%), SK Hynix (up 1.85%), SK Square (up 4.24%), Samsung Electro-Mechanics (up 2.09%), LG Energy Solution (up 1.71%), and Hyundai Motor (up 0.83%). Conversely, Doosan Enerbility (-1.39%) and HD Hyundai Heavy Industries (-1.32%) experienced declines.
At the same time, the KOSDAQ index was up 6.97 points (+0.84%) at 841.35.
In the KOSDAQ market, individual investors bought a net 55.6 billion won, while foreign and institutional investors sold a net 31.3 billion won and 16.9 billion won, respectively.
Among the top KOSDAQ stocks, Alteogen (up 1.80%), EcoPro (up 1.25%), EcoPro BM (up 1.63%), JUSUNG Engineering (up 0.49%), and Rainbow Robotics (up 1.48%) all rose. In contrast, Daehan Optical Fiber (-0.9%) and Woori Technology (-0.8%) fell.
U.S. markets also rose overnight, driven by the surge in AI-related stocks and falling oil prices. The tech-heavy Nasdaq closed up 122.18 points (0.45%) at 27,244.28, marking its second consecutive day of record highs.
AI stocks led the market rally, with Meta surging 11.4% after its personal AI assistant 'Muse' topped the free app category in the U.S. Apple App Store. AMD rose 10.0%, while Intel and Micron gained 12.1% and 2.8%, respectively.
International oil prices fell as expectations grew for a diplomatic resolution between the U.S. and Iran ahead of the UN General Assembly. West Texas Intermediate (WTI) crude for October delivery settled down 4.5% at $95.78 per barrel.
Han Ji-young, a researcher at Kiwoom Securities, stated, "With U.S. 10-year Treasury yields below 5% and international oil prices dropping below $100, we expect the domestic market to rise, supported by the rally in U.S. AI stocks driven by Meta's performance."
She added, "It is important to note the easing macro sensitivity and the recovery of narratives among leading stocks. Despite several sharp declines since mid-August, KOSPI has managed to maintain higher lows without breaking previous support levels, indicating its resilience."
As of 9:05 a.m. on September 22, KOSPI was up 124.02 points (1.67%) at 7,135.44. The KOSDAQ index also started higher, gaining 6.97 points (+0.84%) to reach 841.35.
In the securities market, foreign and institutional investors purchased a net 318.4 billion won and 212.7 billion won, respectively, while individual investors sold a net 595.3 billion won.
Most of the top market capitalization stocks saw gains, including Samsung Electronics (up 2.67%), SK Hynix (up 1.85%), SK Square (up 4.24%), Samsung Electro-Mechanics (up 2.09%), LG Energy Solution (up 1.71%), and Hyundai Motor (up 0.83%). Conversely, Doosan Enerbility (-1.39%) and HD Hyundai Heavy Industries (-1.32%) experienced declines.
At the same time, the KOSDAQ index was up 6.97 points (+0.84%) at 841.35.
In the KOSDAQ market, individual investors bought a net 55.6 billion won, while foreign and institutional investors sold a net 31.3 billion won and 16.9 billion won, respectively.
Among the top KOSDAQ stocks, Alteogen (up 1.80%), EcoPro (up 1.25%), EcoPro BM (up 1.63%), JUSUNG Engineering (up 0.49%), and Rainbow Robotics (up 1.48%) all rose. In contrast, Daehan Optical Fiber (-0.9%) and Woori Technology (-0.8%) fell.
U.S. markets also rose overnight, driven by the surge in AI-related stocks and falling oil prices. The tech-heavy Nasdaq closed up 122.18 points (0.45%) at 27,244.28, marking its second consecutive day of record highs.
AI stocks led the market rally, with Meta surging 11.4% after its personal AI assistant 'Muse' topped the free app category in the U.S. Apple App Store. AMD rose 10.0%, while Intel and Micron gained 12.1% and 2.8%, respectively.
International oil prices fell as expectations grew for a diplomatic resolution between the U.S. and Iran ahead of the UN General Assembly. West Texas Intermediate (WTI) crude for October delivery settled down 4.5% at $95.78 per barrel.
Han Ji-young, a researcher at Kiwoom Securities, stated, "With U.S. 10-year Treasury yields below 5% and international oil prices dropping below $100, we expect the domestic market to rise, supported by the rally in U.S. AI stocks driven by Meta's performance."
She added, "It is important to note the easing macro sensitivity and the recovery of narratives among leading stocks. Despite several sharp declines since mid-August, KOSPI has managed to maintain higher lows without breaking previous support levels, indicating its resilience."
* This article has been translated by AI.
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