Korea's two major stock markets both opened higher. Although negative issues related to the artificial intelligence (AI) value chain emerged in succession overnight in the U.S., including the resignation of NVIDIA CEO Jensen Huang and disappointing earnings from neocloud company Nebius, it is interpreted that bargain hunting inflows occurred as bad news had already been priced in.
As of 9:21 a.m. on the 13th, the KOSPI stood at 5475, up 133.16 points (2.49%) from the previous trading session. The KOSPI opened at 5452.41, up 109.68 points (2.05%), and at one point during the session rose as high as 5504.44.
In the KOSPI market, foreign investors are net buying 193.1 billion won, institutional investors are net buying 63.5 billion won, while retail investors are net selling 287.6 billion won. In particular, foreign investors have continued net purchases for four consecutive days.
Han Ji-young, a research analyst at Kiwoom Securities, explained, "Despite external burden factors such as the Jensen Huang resignation issue (NVIDIA -4.3%), weakness in Nebius stock (-16.8%), and rising interest rates and oil prices due to President Trump's remarks that an agreement with Iran is unnecessary, (the Korean market has) already priced in some of the related bad news, so bargain hunting inflows are limiting the downside of the index, and we expect a sector-differentiated market."
She added, "It is not bad that foreign investors have recorded net purchases for three consecutive trading days on the KOSPI. Looking at sectors, buying is expanding to other sectors such as banks, shipbuilding, automobiles, and machinery beyond semiconductors, creating an atmosphere where foreign net selling pressure is easing compared to before."
By sector, electronics, which includes semiconductor stocks, are rising in the 4% range. Manufacturing and securities are up in the 3% range, while distribution, medical and precision equipment, construction, and machinery and equipment are up in the 2% range. Conversely, electricity and gas are falling in the 6% range.
Among top market capitalization stocks, SK and Samsung Electro-Mechanics are rising in the 5% range, SK hynix is up in the 4% range, Samsung C&T, Samsung Electronics, and SK Square are up in the 3% range, Samsung Life Insurance, Hyundai Motor, and Shinhan Financial Group are up in the 2% range, and Samsung SDI and KB Financial Group are up in the 1% range. Celltrion is flat, while Samsung Biologics and Logics are slightly down.
At the same time, the KOSDAQ stood at 713.60, up 17.07 points (2.45%) from the previous trading session. The KOSDAQ began trading at 705.96, up 9.43 points (1.35%), and at one point during the session rose as high as 717.43.
In the KOSDAQ market, retail investors are net buying 14.6 billion won, institutional investors are net buying 12 billion won, while foreign investors are net selling 27.2 billion won.
By sector, non-metals and machinery and equipment are rising in the 5% range; electronics, manufacturing, and distribution are up in the 3% range; transportation equipment and parts, chemicals, financials, general services, metals, and entertainment and culture are up in the 2% range; construction, pharmaceuticals, IT services, and other manufacturing are up in the 1% range; while others remain in the flat zone.
All top market capitalization stocks are on an upward trend. ISC is rising in the 10% range, Rainbow Robotics is up in the 8% range, Robotis is up in the 6% range, Jusung Engineering is up in the 4% range, Wonik IPS and HPSP are up in the 3% range, Iotech, Alteogen, Simtech, Rino Industrial, and EcoPro BM are up in the 2% range, and EcoPro, Samchundang Pharm, and HLB are up in the 1% range.
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