KOSPI, Samsung Electronics up 4%... Semiconductor Stocks Surge, Recovering 2700 Level

On the 7th, the KOSPI index opened at 2,718.17, up 41.54 points (1.55%) from the previous trading day, as dealers were working in the Hana Bank dealing room in Jung-gu, Seoul. On the same day, the won-dollar exchange rate started trading at 1,356.5 won, down 6.3 won from the previous trading day. Photo by Kang Jin-hyung aymsdream@

The KOSPI index recovered to the 2700 level, powered by a sharp rise in major semiconductor stocks.

On the 7th, the KOSPI index closed at 2734.36, up 57.73 points (2.16%) from the previous day. Trading volume was 523.28 million shares, and the trading value was tentatively estimated at 10.9409 trillion KRW.

By investor type, institutions and foreigners net bought 774.8 billion KRW and 1.115 trillion KRW respectively, while individuals net sold 1.8395 trillion KRW. Program trading saw net buying of 276.9 billion KRW in arbitrage trading and 859.4 billion KRW in non-arbitrage trading.

Thanks to the previous day’s rise in the New York stock market, driven by increased expectations of interest rate cuts due to worsening U.S. employment data, the KOSPI index started the day with a strong gain of over 1%. Subsequently, the index expanded its gains supported by strength in semiconductor sectors such as Samsung Electronics and SK Hynix, as well as net buying by institutions and foreigners.

Most sectors rose. Insurance increased by 3.51%, electrical and electronics by 3.5%, manufacturing by 2.45%, electric and gas utilities by 2.3%, pharmaceuticals by 1.99%, machinery by 1.75%, finance by 1.63%, distribution by 1.57%, telecommunications by 1.49%, transportation equipment by 1.48%, and warehousing by 1.41%. In contrast, textiles and apparel fell by 1.0%.

Most of the top market capitalization stocks also rose. Samsung Electronics and SK Hynix increased by 4.77% and 3.7% respectively, LG Energy Solution by 0.13%, Samsung Biologics by 1.82%, Hyundai Motor by 0.41%, Kia by 1.58%, Celltrion by 2.86%, POSCO Holdings by 0.74%, and NAVER by 0.1%. Meanwhile, Samsung SDI fell by 0.68%.

The KOSDAQ index also closed higher on the day. The KOSDAQ index ended at 871.26, up 5.67 points (0.66%) from the previous day. By investor type, institutions and foreigners net bought 115.3 billion KRW and 109.5 billion KRW respectively, while individuals net sold 218.4 billion KRW.

Top market capitalization stocks showed mixed movements. HLB rose 1.66%, Alteogen 0.06%, Rino Industrial 8.76%, Celltrion Pharm 3.77%, Rainbow Robotics 0.74%, HPSP 0.65%, and EO Technics 5.6% were strong. In contrast, EcoPro BM and EcoPro fell by 1.33% and 0.79% respectively, and Enchem also closed weaker by 3.89%.

Meanwhile, in the Seoul foreign exchange market, the KRW/USD exchange rate closed at 1360.1 won, down 2.7 won from the previous day.