Kospi Reclaims 9,200 as SK Hynix Hits 2.917 Million Won, Market Value Tops 2,000 Trillion Won Again

The Kospi rebounded above 9,200 after opening down 1% and briefly falling below the 9,000 mark. Gains in SK Hynix and SK Square also narrowed the gap in market capitalization between Samsung Group and SK Group.

As of 10:32 a.m. on June 22, the Kospi was up 1.97% from the previous session at 9,230.62. Foreign investors were net sellers of 1.4302 trillion won on the Kospi, while retail and institutional investors were net buyers of 974.8 billion won and 420 billion won, respectively.

SK Hynix rose 5.54% to as high as 2.917 million won, lifting its market value back above 2,000 trillion won. Samsung Electronics was also up 1.55%, while SK Square jumped 8.93%.

"The main event for the stock market is Micron's earnings, due early on June 25 in Korea," Han Ji-young, an analyst at Kiwoom Securities, said. Micron plays a bellwether role in semiconductors, one of the world's leading sectors, alongside Samsung Electronics and SK Hynix.

By sector, distribution rose more than 4%, while electrical and electronics stocks gained more than 3%. Medical and precision equipment and manufacturers were also up more than 2%. Securities stocks, by contrast, fell more than 4%, while transportation and warehousing, pharmaceuticals, and textiles and apparel each dropped more than 3%.

Kang Kyung-ju, Hankyung.com reporter qurasoha@hankyung.com