KOSPI Rebounds Above 4,000 Mark on U.S. Market Rally

On November 27, boosted by the strong performance of the U.S. stock market, the KOSPI index rebounded above the 4,000 mark.

As of 9:15 a.m. on this day, the KOSPI index stood at 4,006.80, up 45.93 points (1.16%) from the previous trading day. The KOSPI had opened at 3,989.45, a 0.72% increase from the previous session.

Although individual investors recorded a net selling of 64.8 billion won, foreign investors and institutions posted net purchases of 24.9 billion won and 43.3 billion won, respectively, helping to lift the index.

Yonhap News Agency

The leading large-cap stocks were all in positive territory. SK Hynix rose by more than 2%, while Samsung Electronics and Doosan Enerbility each posted gains of over 1%. Hanwha Aerospace (up 0.69%), KB Financial Group (up 0.56%), Hyundai Motor (up 0.38%), and HD Hyundai Heavy Industries (up 0.18%) also saw increases.

This is attributed to the U.S. stock market's rally overnight, led by semiconductor stocks. The Philadelphia Semiconductor Index climbed 2.76%.

Lee Sunghoon, a researcher at Kiwoom Securities, commented, "Despite robust employment indicators such as weekly jobless claims exceeding expectations, risk appetite in the U.S. market generally improved, supported by expectations for a change in the Federal Reserve chair, as well as rallies in artificial intelligence (AI) technology stocks and semiconductor shares."

He added, "Reflecting the sharp rise in the Philadelphia Semiconductor Index, the KOSPI is likely to return to the 4,000-point level, driven by foreign capital inflows into large-cap stocks."

At the same time, the KOSDAQ index was trading at 882.77, up 5.45 points (0.62%) from the previous trading day. The KOSDAQ had opened at 879.44, a 0.24% increase from the previous session.

In the KOSDAQ market, individual investors alone purchased 89.9 billion won worth of shares. Foreign investors and institutions recorded net selling of 42.7 billion won and 27.4 billion won, respectively.

Major KOSDAQ-listed large-cap stocks were mostly weaker. Shares of ABL Bio (down 1.21%), Legochem Biosciences (down 1.13%), Peptron (down 0.63%), Kolon TissueGene (down 0.44%), HLB (down 0.32%), Ecopro BM (down 0.13%), and Ecopro (down 0.12%) declined. Meanwhile, Rainbow Robotics (up 2.68%) and Alteogen (up 0.19%) posted gains.

On the Seoul foreign exchange market, the Korean won started trading at 1,468.5 won per U.S. dollar, up 2.9 won from the previous session.

Meanwhile, on November 26 (local time) in the New York stock market, the Dow Jones Industrial Average closed at 47,427.12, up 0.67% from the previous session. The S&P 500 index rose 0.69% to 6,812.61, and the Nasdaq index climbed 0.82% to 23,214.69.

Technology stocks such as Nvidia and Microsoft (MS) led the gains, pushing the indices higher. The Philadelphia Semiconductor Index surged nearly 3%, with all 30 constituent stocks closing higher.

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