The KOSPI has reached an all-time high. This is attributed to improved investor sentiment, as concerns over US-China tensions have eased and Samsung Electronics has announced preliminary third-quarter results that exceeded market expectations.
As of 9:30 a.m. on October 14, the KOSPI stood at 3,644.59, up 60.04 points (1.67%) from the previous trading day. The index opened at 3,604.12, up 0.55% from the previous session, and continued to climb, reaching a record high of 3,645.72.
With the easing of US-China concerns, all three major New York stock indexes rebounded. On October 13 (local time), the Dow Jones Industrial Average, which is focused on blue-chip stocks, closed at 46,067.58, up 587.98 points (1.29%) from the previous session. The S&P 500, which tracks large-cap stocks, rose 102.21 points (1.56%) to 6,654.72, while the tech-heavy Nasdaq gained 490.18 points (2.21%) to close at 22,694.61.
Investor sentiment improved after President Trump issued a message regarding China. On social media the previous day, President Trump stated, "Do not worry about China. Everything will be fine," adding, "President Xi Jinping does not want his country to experience a recession, and neither do I."
Samsung Electronics also reported third-quarter results that surpassed market expectations. On this day, Samsung Electronics announced through a public disclosure that its consolidated operating profit for the third quarter reached 12.1 trillion won, up 31.81% from the same period last year. Revenue increased by 8.72% to 86 trillion won. These figures exceeded market forecasts.
By investor type, individuals and foreign investors recorded net purchases of 132.4 billion won and 107.1 billion won, respectively. In contrast, institutions recorded net sales of 275 billion won.
Most sectors are rising, with metals, electricity and gas, insurance, and electrical and electronic sectors climbing more than 3%. Securities, machinery and equipment, and financial sectors are also up more than 1%. On the other hand, telecommunications and entertainment and culture sectors are down more than 1%.
Among large-cap stocks, Samsung Electronics traded at 95,700 won, up 2,400 won (2.57%) from the previous session. SK Hynix and LG Energy Solution are also up 4.82% and 3.33%, respectively. In contrast, Celltrion and Shinhan Financial Group are seeing slight declines.
The KOSDAQ stood at 870.24, up 9.75 points (1.13%) from the previous session.
By investor type, individuals and institutions recorded net purchases of 43.3 billion won and 5.4 billion won, respectively. In contrast, foreign investors recorded net sales of 47.8 billion won.
By sector, machinery and equipment is up 2.17%. Electrical and electronic, transportation equipment and parts, and telecommunications sectors are also up more than 1%. Meanwhile, other manufacturing is down 1.52%.
Among large-cap stocks, Alteogen traded at 462,000 won, up 18,000 won (4.05%) from the previous session. Ecopro BM is up 4.16%, while Rainbow Robotics and Ecopro are both rising more than 3%. In contrast, HLB and Pharmaresearch are down 2.16% and 1.97%, respectively.
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