The KOSPI opened sharply higher Tuesday, reclaiming the 5,600 level. The U.S. stock market rebounded following news that artificial intelligence (AI) company Anthropic filed for an initial public offering (IPO) overnight, heating up investor sentiment in domestic semiconductor stocks.
At 9:10 a.m., the KOSPI index stood at 5,667.38, up 197.91 points (3.62%) from the previous trading session. Based on cumulative data from Korea Exchange and NextTrade, foreign investors made net purchases worth 472.1 billion won, while retail investors sold a net amount of 519.1 billion won, and institutional investors sold a net amount of 19.8 billion won.
Samsung Electronics rose 9,000 won (4.23%) to 222,000 won, and SK Hynix rose 78,000 won (6.12%) to 1,353,000 won, leading the index's gains.
SK Square is up in the 10% range, Samsung Electro-Mechanics in the 6% range, Samsung C&T in the 3% range, Samsung Life Insurance in the 2% range, and LG Energy Solution and Hyundai Motor are showing strength in the 1% range. KB Financial Group is slightly higher, while Samsung Biologics is down in the 2% range.
By sector, KOSPI electrical electronics, medical precision, and manufacturing are up in the 4% range, machinery and equipment in the 3% range, construction, finance, distribution, general services, and telecommunications in the 2% range, and metals, transportation equipment, insurance, and securities in the 1% range. Conversely, pharmaceuticals are down in the 1% range.
KOSPI 200 night futures closed trading at 872.35, up 22.35 points (2.63%).
On the 26th (local time), the U.S. Dow Jones 30 Industrial Average rose 0.28%, the S&P 500 index rose 0.70%, and the NASDAQ Composite Index rose 0.83%. The Philadelphia Semiconductor Index rose 2.82%.
On the same day, Anthropic heated up the stock market by announcing its plan to list on NASDAQ under the ticker symbol 'ANT' next month after submitting an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).
Han Ji-young, a researcher at Kiwoom Securities, stated, "According to the filing, Anthropic's first-half revenue increased by approximately 1,300% year-on-year, and its first-half operating loss was significantly reduced from $2.14 billion last year to $690 million this year," adding that it has "alleviated concerns about AI monetization to some extent."
Regarding the domestic stock market on this day, she said, "It is expected to attempt a rebound, driven by improved investor sentiment in U.S. AI and semiconductor stocks stemming from Anthropic, and the calming of the upward trend in West Texas Intermediate (WTI) crude oil due to efforts to advance the Middle East quadrilateral talks." She added, "While technical trend burdens remain, the possibility of a mood reversal through the Federal Open Market Committee (FOMC) and big tech and semiconductor earnings after mid-week is open."
The KOSDAQ index stood at 747.34, up 20.13 points (2.77%) from the previous day. Foreign investors made net purchases worth 32.9 billion won, while retail investors sold a net amount of 20.4 billion won, and institutional investors sold a net amount of 9.1 billion won.
Among top market capitalization stocks, the strength in semiconductor materials, components and equipment is prominent. While Simtech has entered a sharp rise in the 10% range, Jusung Engineering is up in the 5% range, Wonik IPS, Iotech, and Lino Industrial are up in the 4% range, Ecopro is up in the 3% range, Ecopro BM and Rainbow Robotics are up in the 2% range, and Alteogen is showing strength in the 1% range. HLB is slightly higher.
All KOSDAQ sectors show an upward trend except for publishing (down in the 1% range). Machinery and equipment are up in the 4% range, electrical electronics, non-metals, manufacturing, and distribution in the 3% range, entertainment culture, chemicals, and finance in the 2% range, and metals, medical precision, general services, IT services, transportation equipment, and telecommunications in the 1% range.
The won/dollar exchange rate was recorded at 1,325.8 won, down 0.2 won from the previous day, in the Seoul foreign exchange market at 9 a.m.
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