KOSPI surpasses 4600 for the first time in history…'140000-won Samsung Electronics'·'760000-won SK Hynix' achieved
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Summary
- The KOSPI index broke through the 4600 level and set a record high, driven by foreigners' net buying.
- Influenced by a surge in U.S. semiconductor stocks, Samsung Electronics and SK Hynix achieved '140000-won Samsung Electronics' and '760000-won SK Hynix', respectively, leading the index higher.
- Both the KOSPI and KOSDAQ markets are being affected by changes in supply and demand from foreigners and institutions.
Foreign net buying
Semiconductor stocks continue to strengthen…'140000-won Samsung Electronics'·'760000-won SK Hynix'
The KOSPI index rose more than 1% early in trading on the 7th and broke through the 4600 level, setting a new record again. Bolstered by an overnight surge in U.S. semiconductor stocks, Samsung Electronics and SK Hynix continued their record-high rallies and appeared to be leading the index higher.
As of 9:12 a.m. that day, the KOSPI index stood at 4605.59, up 80.11 points (1.77%) from the previous session. The KOSPI, which started up 0.9%, quickly widened gains to as much as 1.91% in the early session, touching 4611.72 and setting another record high.
On the securities market, foreigners had a net buying position of 473.5 billion won, while individuals and institutions were net sellers of 341.8 billion won and 119.3 billion won, respectively.
It appears this was driven by a sharp rise in semiconductor stocks on the New York market overnight. The Philadelphia semiconductor index rose 2.75%, and Micron Technology (10.02%) and SanDisk (27.56%) surged. As a result, Samsung Electronics reached the intraday '140000-won Samsung Electronics' and SK Hynix reached the '760000-won SK Hynix', continuing their record-high runs.
Among the top market-cap KOSPI stocks, LG Energy Solution, Samsung Biologics, Hyundai Motor, HD Hyundai Heavy Industries, SK Square, Doosan Enerbility, Hanwha Aerospace, and Kia are rising. Celltrion, KB Financial, and Naver are falling.
The KOSDAQ index at the same time stood at 955.2, down 0.77 points (0.08%) from the previous session. In the KOSDAQ market, foreigners and institutions were net sellers of 115.1 billion won and 17.3 billion won, respectively, while individuals were net buyers of 131.9 billion won.
Among the KOSDAQ market-cap leaders, Alteogen, HLB, Peptron, Samchundang Pharmaceutical, Kolon TissueGene, and Rino Industry are declining. Meanwhile, EcoproBM, Ecopro, Rainbow Robotics, RigaChem Bio, and Pharma Research are on the rise.
In the Seoul foreign exchange market, the won–dollar exchange rate opened at 1448 won 50 jeon, up 3 won from the previous session.
Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com
