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KOSPI Defends 7,000 Level Supported by Treasury Stock Purchases


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▲ An employee monitors the stock market and exchange rates at the dealing room of Hana Bank in Jung-gu, Seoul, on the 10th.

The KOSPI edged down today (the 10th) due to negative news from the Middle East, but managed to hold above the 7,000 threshold at the close.

The KOSPI finished at 7,033.92, down 17.72 points (0.25%) from the previous trading session.

Starting at 7,038.85, down 12.79 points (0.18%) from the prior session, the index briefly plummeted to as low as 6,898.45 before narrowing its losses in the afternoon and briefly turning upward.

In the KOSPI market, foreign investors net sold 2.482 trillion won, while retail and institutional investors net bought 380.1 billion won and 433.4 billion won, respectively.

Retail investors turned to a buying advantage for the first time in 6 trading sessions, and institutional investors recorded net purchases for the 6th consecutive session.

Foreign investors also maintained a selling advantage of 1.947 trillion won in the KOSPI 200 futures market.

Additionally, other corporations net bought 1.667 trillion won.

Although high volatility was initially expected due to the simultaneous expiration of futures and options, known as "quadruple witching," and the rebalancing of the "KRX Semiconductor Index," other corporations—which have recently emerged as major supply-and-demand players driven by treasury stock purchases from Samsung Electronics and SK Hynix—propped up the market floor.

The won-dollar exchange rate stood at 1,339.2 won, up 3.1 won in the Seoul foreign exchange market as of 3:30 p.m.

The KOSPI began to trend downward after exploring directions in early trading amid mixed upward factors, such as OpenAI's launch of "Astra," and downward factors, including rising oil prices and interest rates.

As military tensions in the Middle East escalated again, Brent crude futures prices surpassed 100 dollars per barrel, and the yield on 10-year US Treasury bonds climbed well past 4.8%, placing a burden on the stock market.

However, the KOSPI, which has a heavy weighting in semiconductors, temporarily turned upward during trading following reports that Taiwan's TSMC had broken its record for monthly revenue again last month.

TSMC announced that its revenue last month reached 514.8 billion New Taiwan dollars (approx. 21.9 trillion won), marking a 10.1% increase from its previous record of 467.6 billion New Taiwan dollars set in July.

Among top market capitalization stocks, Samsung Electronics (-0.19%) and SK Hynix (-0.16%) closed slightly lower, but managed to recover most of their intraday losses, which had exceeded 2%.

Meanwhile, stocks such as SK Square (-0.26%), Samsung Electro-Mechanics (-0.28%), and LG Energy Solution (-1.62%) declined, while Hyundai Motor (0.26%), Samsung Life Insurance (1.98%), and Samsung C&T (0.93%) advanced.

The KDAQ index closed up 6.55 points (0.79%) at 836.92.

Starting at 825.06, down 5.31 points (0.64%) from the previous session, the index turned upward in the afternoon.

In the KOSDAQ market, foreign and retail investors net sold 1.0756 trillion won and 269.8 billion won, respectively, while institutional investors net bought 1.3488 trillion won.

(Photo: Yonhap News)

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