KOSPI recovers 3930 level, up about 2% on buying by institutions and foreign investors

The KOSPI rose nearly 2% to recover the 3,930 level. This was thanks to purchases by institutions and foreign investors.

As of 11:17 a.m. on the 26th, the KOSPI was trading at 3,932.58, up 74.80 points (1.94%) from the previous day. During the session it rose as much as 3,938.5, up 2.09%.

Institutions and foreign investors have lifted the index by buying KRW 702.9 billion and KRW 126.8 billion worth of stocks, respectively, in the KOSPI market. Foreign investors are also net-buying KRW 514.1 billion worth of KOSPI 200 futures. By contrast, individual investors sold KRW 852.2 billion worth of stocks.

Most of the top market-cap stocks are rising.

Only SK Hynix is trading near flat. This is because glowing reviews of Google's Tensor Processing Unit (TPU) have raised questions about whether the standing of NVIDIA chips might be shaken. SK Hynix supplies the largest share of high-bandwidth memory (HBM) semiconductors used in NVIDIA's artificial intelligence (AI) accelerators.

Samsung Electronics rose 1.81% to recover the 100,000 won level.

LG Energy Solution and Samsung Biologics are up 3.99% and 3.13%, respectively.

Doosan Enerbility is surging 5.44%.

The KOSDAQ is trading at 871.92, up 15.89 points (1.86%) from the previous day. In that market, foreign investors and institutions are net-buying KRW 100.0 billion and KRW 69.4 billion worth of stocks, respectively, while individual investors sold KRW 136.5 billion worth.

All of the top 10 market-cap stocks on the KOSDAQ are rising.

RigaChem Bio is up 9.49%, and Kolon TissueGene is surging 7.64%.

EcoPro BM and EcoPro are also rising 6.77% and 6.52%, respectively.

In the Seoul foreign exchange market, the won-dollar exchange rate is trading at 1460.8 won per dollar, down 8.5 won (0.58%) from the previous day.

Han Gyeong-woo Hankyung.com reporter case@hankyung.com