Samsung Electronics Returns to '80,000 Won Stock' After 27 Months... KOSPI Surpasses 2,770 Points

Samsung Electronics, 20% Market Cap Share, Hits '80,000 Electronics' After Over 2 Years
Institutional and Foreign Investors Drive Buying, Breaking Yearly Highs
Most Sectors and Top Market Cap Stocks Rise

The KOSPI index surpassed the 2770 mark during the session, supported by combined buying from foreign and institutional investors and Samsung Electronics' return to the 80,000 KRW level.

As of 10:16 AM on the 26th, the KOSPI was trading at 2774.92, up 37.35 points (1.36%) from the previous day. The index opened at 2756.42, 18.85 points higher than the previous trading day, and has been rising steadily since the early session. The 2774.92 level is the highest intraday price in 52 weeks.

By investor type, institutions and foreigners were net buyers with 438.4 billion KRW and 369 billion KRW respectively, while individuals sold 780.9 billion KRW. By sector, all sectors except insurance (-0.35%) were rising. The electrical and electronics sector (2.24%), telecommunications (1.95%), transportation equipment (1.70%), and manufacturing (1.65%) showed strong gains.

Among individual stocks, 532 were up, 318 were down, and 78 were unchanged. Among the top 25 companies by market capitalization, all stocks except LG Chem (-0.98%), POSCO Future M (-0.47%), LG Electronics (-0.51%), and Samsung Fire & Marine Insurance (-3.44%) were rising. Samsung Electronics (2.43%) surpassed 80,000 KRW for the first time in 2 years and 3 months. This is the first time Samsung Electronics has exceeded 80,000 KRW intraday since December 2021. Samsung Electronics accounts for about 20% of the domestic stock market by market capitalization. SK Hynix (5.79%), Kia (3.05%), and KB Financial Group (3.19%) also posted gains exceeding 3%.

The previous day, U.S. stock markets closed lower amid negative news including the European Union's investigation into Apple, Meta, and Alphabet, as well as China's sanctions on Intel. Intel fell 1.74%, AMD dropped 0.57%, and Qualcomm (-1.52%) also closed lower.

The KOSDAQ index was trading at 920.35, up 6.66 points (0.73%).

By investor type, individuals and foreigners were net buyers with 36.9 billion KRW and 31.4 billion KRW respectively, while institutions sold 10.1 billion KRW.

Among KOSDAQ stocks, 810 were up, 709 were down, and 122 were unchanged. While the top market cap stocks showed mixed trends, HLB (6.82%), Samchundang Pharmaceutical (17.64%), and ISC (6.44%) posted gains exceeding 5%. On the other hand, KOSDAQ's leading stocks EcoPro BM (-0.86%) and EcoPro (-0.47%) were declining.

Han Ji-young and Kim Ji-hyun, researchers at Kiwoom Securities, said, "The mixed price movements among U.S. tech companies are likely to limit the upside across the domestic indices, resulting in a market characterized by individual stock performances."