Kospi Rises for Four Consecutive Days, Closes at Year-to-Date High

Samsung Electronics Recovers to '80,000 Won Stock' Intraday

The KOSPI closed at its highest level of the year on the 14th, marking its fourth consecutive day of gains. Samsung Electronics briefly returned to the '80,000 won stock' level during trading.

As the U.S. stock market reached an all-time high, the domestic stock market on the 14th saw both the KOSPI and KOSDAQ start with slight gains but fluctuated up and down afterward. The won-dollar exchange rate also rose slightly. Photo by Heo Younghan younghan@

On this day, the KOSPI ended trading at 2,758.42, up 3.53 points (0.13%) from the previous trading day. This is the highest closing price in 801 days since April 5, 2022, when it closed at 2,759.20. The KOSPI opened at 2,759.22 and at one point during the session rose to 2,769.16.

In the securities market, foreign investors were net buyers of 729.6 billion won, while individual and institutional investors were net sellers of 211 billion won and 468 billion won, respectively.

Foreign investors also continued their buying momentum in the KOSPI 200 futures market with net purchases of 144 billion won.

The domestic stock market was influenced by the rise in the U.S. stock market, driven by expectations of a U.S. interest rate cut.

Among the top market capitalization stocks, Samsung Electronics closed up 1.27%. During the session, Samsung Electronics briefly rose 2.42% to 80,500 won, reclaiming the '80,000 won stock' status.

Samsung Biologics (0.14%), Celltrion (0.44%), and HMM (5.95%) rose, while SK Hynix (-0.45%), LG Energy Solution (-3.86%), Hyundai Motor (-0.37%), KB Financial (-0.12%), Samsung SDI (-2.04%), and POSCO Future M (-4.55%) declined.

The KOSDAQ index closed at 862.19, down 9.14 points (1.05%) from the previous trading day.

The index started higher, rising 1.36 points (0.16%) to 872.69, but turned downward early in the session and continued to decline throughout.

In the KOSDAQ market, foreign and individual investors were net sellers of 228.7 billion won and 139.4 billion won, respectively, while individuals showed a net buying preference of 376.7 billion won.

Among the top market capitalization stocks, Ecopro BM (-4.07%), Alteogen (-1.3%), Ecopro (-1.58%), HLB (-2.04%), Lino Industrial (-1.14%), and Classys (-3.13%) declined, while Enchem (7.61%), Celltrion Pharm (0.43%), Silicon Two (0.99%), and Pearl Abyss (3.55%) rose.

Lee Kyung-min, a researcher at Daishin Securities, said, "The positive momentum from the U.S. is due to the downward stabilization of bond yields, and if the positive momentum from China leads to increased pressure for won appreciation, we can expect net foreign buying inflows in KOSPI cash and futures markets." He added, "With domestic and international positive factors and improved supply and demand conditions converging, the KOSPI is expected to surpass the 2,800 level."