The KOSPI surged by more than 4%, reclaiming the 5,200 line. Following a strong performance in semiconductor stocks on the New York stock market the previous night, buying sidecars were simultaneously triggered in the early trading hours of both the KOSPI and KOSDAQ markets. Foreign and institutional investors purchased over 1.3 trillion won worth of shares.
On the 10th, the KOSPI index closed at 5,239.13, up 220.28 points (4.39%) from the previous trading day. After opening at 5,247.22, a gain of 228.37 points (4.55%), the index maintained its upward momentum, and the 28th buying sidecar (futures market circuit breaker) of the year was triggered immediately after the open. The KOSDAQ index also closed at 667.61, up 28.64 points (4.48%).
The influence of the New York stock market was significant. On the 9th (local time), semiconductor stocks such as AMD (13.3%) and Broadcom (8.8%) surged on the New York stock market. Amazon (2.94%), Meta (5.12%), and Tesla (5.54%) also rose. The tech-heavy NASDAQ Composite Index jumped 673.71 points (2.74%) to close at 25,253.14, while the Dow Jones Industrial Average gained 1,104.02 points (2.15%) to end trading at 52,389.75. Analysts noted that falling oil prices and an influx of bargain-hunting buying stimulated investor sentiment.
In the KOSPI market, foreign and institutional investors made net purchases of 650.2 billion won and 690.8 billion won, respectively. Retail investors made net sales of 1.7913 trillion won.
By sector, medical and precision equipment rose by 8%, machinery and equipment as well as construction increased by 7%, and electrical and electronic products gained 5%. Pharmaceuticals and food, beverage, and tobacco declined by more than 1%.
Among top KOSPI market capitalization stocks, Samsung Electronics rose by more than 4% and SK hynix climbed by more than 7%. Additionally, Samsung SDI increased by more than 9%, while SK Square and Samsung Electro-Mechanics each gained more than 4%. In contrast, Celltrion fell by more than 3%, and Samsung Biologics Co., Ltd. dropped by more than 2%.
The KOSDAQ index opened at 661.73 on the day, up 22.76 points (3.56%), and maintained its strength. The 20th buying sidecar of the year was also triggered in the KOSDAQ market.
In the KOSDAQ market, institutional investors made net purchases of 221.8 billion won, while retail and foreign investors made net sales of 89.7 billion won and 127.3 billion won, respectively.
By sector, finance, machinery and equipment, and non-metals rose by more than 6%, electrical and electronic products gained more than 5%, and manufacturing, general services, metals, and chemicals each increased by more than 4%. Entertainment and culture declined by more than 2%.
All 24 top KOSDAQ market capitalization stocks closed higher. Iotech surged by more than 14% compared to the previous day. Following this, Ecopro rose by more than 10%, Ecopro BM gained more than 8%, and Jusung Engineering, Rainbow Robotics, and Robotis each climbed by more than 7%.
The won/dollar exchange rate ended daily trading at 1,337.5 won, down 9.6 won from the previous day's closing price for daily trading.
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