The two major domestic stock markets are showing strong gains. Buy-side sidecar was triggered in both markets from the start of trading. This is analyzed as having a positive impact on investor sentiment, following a rally centered on semiconductor stocks in the New York stock market overnight.
As of 9:12 a.m. on the 10th, the KOSPI index stood at 5,276.06, up 257.06 points (5.12%) from the previous day. The KOSPI opened at 5,247.22, up 228.37 points (4.55%), and widened its gains, triggering the 28th buy-side sidecar of the year.
The KOSPI is reflecting the overnight situation in the U.S. New York stock market. On the 9th (local time), sharp gains were seen in semiconductor stocks, including AMD up 13.3% and Broadcom up 8.8%. Amazon (2.94%), Meta (5.12%), and Tesla (5.54%) also rose. As a result, the tech-heavy NASDAQ index closed at 25,253.14, up 673.71 points (2.74%) from the previous trading day, while the Dow Jones Industrial Average closed at 52,389.75, up 1,104.02 points (2.15%).
At this time, foreign investors and institutional investors are net buying stocks worth 120.3 billion won and 285.1 billion won, respectively. Retail investors are net selling stocks worth 435 billion won.
By sector in the KOSPI, machinery and equipment, medical and precision instruments, and electrical and electronics rose by more than 6%, manufacturing by more than 5%, while IT services, construction, transportation equipment and parts, and securities each rose by more than 4%. Food and tobacco, real estate, and others are slightly down.
Among top KOSPI stocks by market capitalization, Samsung Electronics and SK hynix are rising by more than 5% and 7%, respectively. Samsung Electro-Mechanics and SK Square, which are linked to these stocks through equity stakes and business ties, are up more than 7%, while Samsung Life Insurance and Samsung C&T are each up more than 4%.
The KOSDAQ stood at 667.00 at the same time, up 28.03 points (4.39%) from the previous trading day. The KOSDAQ opened at 661.73, up 22.76 points (3.56%), and continued its strong performance. In the KOSDAQ, which saw concentrated buying, the 20th buy-side sidecar of the year was triggered.
In the KOSDAQ at this time, retail investors and institutional investors are net buying stocks worth 37.3 billion won and 30.4 billion won, respectively, while foreign investors are net selling stocks worth 65.3 billion won.
By sector in the KOSDAQ, only transportation and warehousing is down by more than 1%, while all other sectors are up. Machinery and equipment rose by more than 6%, electrical and electronics by more than 5%, among others.
Top KOSDAQ stocks by market capitalization are all up through the 36th-ranked stock. IO Technology rose by more than 9%. Following that, Simmtech and ISC are up more than 8%, while Robotis and Jusung Engineering are rising by more than 7%.
The won/dollar exchange rate stood at 1,344.0 won as of 9 a.m. on the day.
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