▲ The KOSPI and other market indices are displayed on the electronic board at the dealing room of Hana Bank headquarters in Jung-gu, Seoul, on the 21st. On this day, the KOSPI opened up 113.60 points (2.05%) at 5,666.34, while the KOSDAQ opened up 11.43 points (1.46%) at 793.40.
The KOSPI opened with a strong rebound today (the 21st).
As of 9:20 a.m. today, the KOSPI stood at 5,712.03, up 159.29 points (2.87%) from the previous session.
The index opened at 5,666.34, up 113.60 points (2.05%), and has been gradually expanding its gains.
While foreign investors are net buyers alone at 120 billion won, institutions and retail investors are net sellers at 40 billion won and 152 billion won, respectively.
In the KOSPI 200 futures market, retail investors are net buyers at 151 billion won, whereas foreign investors and institutions are net sellers at 180 billion won and 30 billion won, respectively.
This is interpreted as bargain-hunting inflows into the domestic stock market, driven by the previous day's sharp plunge in the KOSPI (-3.73%) and overnight gains in parts of Wall Street.
On Wall Street, the Dow Jones Industrial Average and the S&P 500 rose 1.02% and 0.28%, respectively, while the tech-heavy Nasdaq Composite closed slightly lower (-0.02%).
Investor sentiment appears to have recovered somewhat following reports that Iran met with Pakistani officials to discuss mediation proposals with the United States.
Consequently, international oil prices were also on a downward trend.
Overnight at the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for November delivery fell 1.80% from the previous session to close at $101.79 per barrel, while Brent crude for December delivery on London's ICE Futures Exchange dropped 0.69% to $108.79 per barrel.
However, memory semiconductor companies such as Micron (-0.98%), SK Hynix American Depositary Receipts (ADRs) (-2.16%), and SanDisk (-0.42%), as well as AI-related stocks like Nvidia (-0.29%) and AMD (-0.62%), declined.
Some analysts point out that a significant factor was the previous day's disastrous debut of Elice, classified as an AI data center and Neo Cloud-related stock in the domestic market, which plummeted 32% on its first day of listing on the KOSDAQ, leading to perceptions of a "disastrous initial public offering for AI companies."
Samsung Electronics is up around 4.7%, and SK Hynix is rising by about 6.5%.
Looking at other top market capitalization stocks, SK Square (4.18%), LG Energy Solution (0.12%), Samsung Electro-Mechanics (2.16%), and Samsung Biologics (1.73%) are on the rise, while Hyundai Motor (-0.16%) and KB Financial Group (-0.50%) show slight declines.
LIG Defense & Aerospace (-11%) is plunging sharply after news broke that it received a two-year ban on bidding participation from the Defense Acquisition Program Administration (DAPA) the previous day, following allegations that it handed over hundreds of millions of won in bribes to a DAPA official during past weapons development bidding processes.
By sector, metals (-0.90%), entertainment/culture and textiles/apparel (each -0.45%), and real estate (-0.35%) are edging down slightly, while electrical/electronics (3.10%) is showing notable gains.
Following closely are construction (2.92%), manufacturing (2.71%), and securities (2.57%).
At the same time, the KOSDAQ stood at 801.47, up 19.50 points (2.49%) from the previous session.
The index started at 793.40, up 11.43 points (1.46%).
Foreign investors and retail investors are net sellers at 17 billion won and 3 billion won, respectively, while institutions are net buyers at 25 billion won.
Among top market cap stocks, many are showing strength, including Alteogen (4.55%), EcoPro (3.00%), EcoPro BM (4.85%), Jusung Engineering (4.75%), and Rainbow Robotics (0.27%).
Elice, which had a disastrous debut plunging the previous day, is currently hitting the daily price limit (upper limit).
(Photo: Yonhap News)
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.