The KOSPI index surged more than 6% on October 28, recovering the 6000 mark, driven by strong performances from major domestic semiconductor stocks. The announcement of significant AI semiconductor contracts by Anthropic and Broadcom improved investor sentiment, leading to increased net buying from foreign and institutional investors. This marks the first time the KOSPI has surpassed 6000 since October 14.
As of 2:06 PM, the KOSPI was up 368.24 points (6.53%) at 6006.58. At one point during the day, the index rose by as much as 6.83%, reaching 6023.35.
The KOSPI opened at 5763.85, up 125.51 points (2.23%) from the previous close, and continued to gain momentum. At 9:54 AM, the KOSPI 200 futures price increased by 5.17%, triggering a buying sidecar in the securities market. By 10:57 AM, the index had climbed to 6003.22, crossing the 6000 threshold.
In the securities market, foreign and institutional investors net bought 1.083 trillion won and 1.1535 trillion won, respectively, while individual investors net sold 2.2113 trillion won.
Most of the top market capitalization stocks showed strong gains. Samsung Electronics rose by 8.67%, SK Hynix by 10.14%, SK Square by 10.51%, Samsung Electro-Mechanics by 8.16%, Samsung C&T by 7.97%, Samsung Life by 9.41%, KB Financial by 4.61%, Hyundai Motor by 2.50%, and LG Energy Solution by 1.57%. However, Samsung Biologics saw a slight decline of 0.15%.
At the same time, the KOSDAQ index was trading at 767.16, up 23.36 points (3.14%) from the previous day.
In the KOSDAQ market, individual and institutional investors net bought 39.4 billion won and 133.8 billion won, respectively, while foreign investors net sold 168.6 billion won.
Among the top market capitalization stocks in KOSDAQ, Alteogen rose by 1.83%, EcoPro by 2.28%, EcoPro BM by 1.59%, Juseong Engineering by 4.46%, Rainbow Robotics by 15.22%, HLB by 0.50%, EoTechnics by 4.05%, and Simtec by 7.25%.
* This article has been translated by AI.
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