On the 31st, the KOSPI index surged more than 17% during trading hours. It is now being watched whether it will close above the record high gain rate of 11.95% (based on closing price) recorded during the global financial crisis.
The KOSPI index reached an intraday high of 6548.64 (+17.07%) today, a rise of 955.08 points compared to the previous day. This surpasses the existing record gain rate of 11.95% (based on closing price) on October 30, 2008; at that time, the KOSPI index rose as high as 13% based on intraday highs.
October 2008 was a period when fears of credit tightening spread globally following the Lehman Brothers bankruptcy crisis on September 15 of the same year.
The domestic market also experienced a sharp decline in which the KOSPI index plummeted by 20.49% from October 20 to 24, 2008. On the same day, news that the Federal Reserve System and the Bank of Korea signed a $30 billion currency swap agreement was cited as the background for the surge.
At 10:27 a.m., the KOSPI index traded at 6465.42, up 871.86 points (15.59%) from the previous day. While individual investors and institutional investors were net selling in amounts of 5.9065 trillion won and 82.2 billion won respectively, foreign investors were net buying 6.0538 trillion won.
According to Korea Exchange, a buy-sidecar (futures market circuit breaker) that temporarily suspends program buy orders was activated in the KOSPI market at 9:06:02 a.m. today. Subsequently, at 9:06:03 a.m., a buy-sidecar (futures market circuit breaker) was also activated in the KOSDAQ market.
Samsung Electronics is trading up 23.43% at 255,500 won. SK Hynix is trading up 26.93% at 1.678 million won.
△Samsung Electric (+29.92%) △SK Square (+29.91%) △Samsung Electronics Preferred (+23.64%) △Samsung Life Insurance (+17.99%) △Hyundai Motor (+10.54%) △LG Energy Solution (+1.56%) are also rising.
Samsung Biologics is trading down 2.82% at 1.484 million won, and KB Financial Group is trading down 0.18% at 167,100 won.
in STOCK
