KOSPI Rebounds in a Day as Bargain Hunting Boosts Semiconductor Stocks

On November 6, the domestic stock market rebounded in just one day, shaking off concerns over an artificial intelligence (AI) bubble.

As of 9:20 a.m. on this day, the KOSPI was trading at 4,056.91, up 52.49 points (1.31%) from the previous session. Earlier, the index opened at 4,092.46, a jump of 88.04 points (2.20%) from the previous close.

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While foreign investors recorded a net sell of 480.9 billion won, individual investors and institutions made net purchases of 388.5 billion won and 80.7 billion won, respectively. In the KOSPI 200 futures market, institutions bought 131.2 billion won, while individuals and foreign investors sold 13.6 billion won and 89.2 billion won, respectively.

Most of the top KOSPI stocks by market capitalization were on the rise. LG Energy Solution (up 3.77%), SK Hynix (up 3.45%), KB Financial Group (up 3.29%), HD Hyundai Heavy Industries (up 2.27%), Hanwha Aerospace (up 1.89%), Kia (up 0.72%), Samsung Electronics (up 0.70%), and Hyundai Motor (up 0.09%) all saw gains. In contrast, Doosan Enerbility fell by 1.44%.

At the same time, the KOSDAQ was trading at 913.30, up 11.41 points (1.27%). The index had opened at 915.43, up 13.54 points (1.50%), but the rise has since moderated. Foreign investors alone recorded a net purchase of 19.7 billion won, while individuals and institutions posted net sales of 1.4 billion won and 16.4 billion won, respectively.

Top KOSDAQ stocks by market capitalization also showed a buying trend. ABL Bio (up 3.66%), EcoPro (up 3.34%), LIG Chem Bio (up 3.03%), EcoPro BM (up 2.34%), Alteogen (up 1.70%), and Samchundang Pharm (up 0.65%) were strong performers. On the other hand, HLB (down 0.18%), Peptron (down 0.57%), PharmaResearch (down 1.18%), and Rainbow Robotics (down 3.17%) were weak.

By sector, electronic equipment (up 4.58%), electric utilities (up 3.91%), healthcare technology (up 3.49%), banks (up 2.79%), and electrical equipment (up 2.13%) were on the rise. In contrast, broadcasting and entertainment (down 2.28%), cosmetics (down 2.09%), internet retail (down 2.06%), and media services (down 1.76%) declined.

In the Seoul foreign exchange market, the Korean won started trading at 1,442.0 won per dollar, down 7.4 won from the previous day. The previous day, the won-dollar exchange rate had risen to the 1,450 level, hitting a seven-month high, but stabilized in just one day.

This content was produced with the assistance of AI translation services.