The KOSDAQ market expanded its intraday gain to the 5% range on the afternoon of the 11th, continuing a sharp rally for two consecutive trading days. This is interpreted as buying pressure driven by expectations of a rebound following the update of the year-to-date low and speculation that government-backed support measures are imminent. The KOSPI market also raised its index gain to the 2% range on the back of rising semiconductor stocks.
As of 2:24 p.m. on the day, the KOSDAQ index was calculated at 701.14, up 33.53 points (5.02%) from the previous day. Based on cumulative data from Korea Exchange and Nexttrade, institutional investors made net purchases worth 232.8 billion won, while retail investors sold a net 190.8 billion won and foreign investors sold a net 48.6 billion won.
Broad-based buying continued, centered on semiconductor materials, components and equipment stocks and secondary battery stocks. Jusung Engineering rose in the 17% range, Simtech in the 12% range, and Ecopro BM in the 10% range. All KOSDAQ sectors are up, except for entertainment culture, publishing, and transportation warehousing.
Cited as reasons for the sharp rise include attempts at rebound buying following the index hitting a new year-to-date low on the 9th, and expectations for the announcement of government measures to revitalize the KOSDAQ market.
The Financial Supervisory Service told reporters on the day that "the claim that it will hold a meeting chaired by the Financial Supervisory Service regarding support measures this afternoon is entirely false," but the sharp rise in the index continued.
At the same time, the KOSPI index was calculated at 5357.99, up 118.86 points (2.27%) from the previous trading day.
Based on combined data from Korea Exchange and Nexttrade, other corporations made net purchases worth 486 billion won, and foreign investors bought a net 473.8 billion won, while retail investors sold a net 696.7 billion won and institutional investors sold a net 267.9 billion won.
Samsung Electronics rose 6,100 won (3.07%) to 205,000 won, and SK hynix traded at 1,278,000 won, up 66,000 won (5.45%), contributing to the index gain.
SK Square was strong in the 4% range, Samsung Electro-Mechanics in the 3% range, Celltrion in the 2% range, and LG Energy Solution and Samsung Life Insurance in the 1% range. In contrast, Samsung Biologics Logic showed weakness in the 2% range.
Among sectors, KOSPI medical precision equipment showed a sharp rise in the 9% range. Electrical electronics were strong in the 4% range, and manufacturing in the 3% range.
In the Seoul foreign exchange market, the won/dollar exchange rate fell 10.0 won from the previous day to 1,334.5 won.
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