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▲ The KOSPI rises for the fifth consecutive session on the 14th. The index opened up 182.33 points, or 2.68%, at 6,995.67, and briefly touched the 7,000-point mark by climbing to 7,010.86 (+2.90%) in early trading.
The KOSPI extended its winning streak to five sessions, briefly surpassing the 7,000 mark during intraday trading.
At 9:20 a.m. today (the 14th), the KOSPI stood at 6,935.84, up 122.50 points or 1.80%.
The index opened at 6,995.67, up 182.33 points or 2.68%.
In early trading, it climbed as high as 7,010.86 with a 2.90% gain, briefly touching the "7-thousand-kospi" milestone.
Foreigners alone were net buyers, purchasing 434.3 billion won.
Institutions were net sellers at 295.2 billion won, and individuals were net sellers at 121.6 billion won.
In the KOSPI 200 futures market, foreigners net sold 149.2 billion won and individuals net sold 48.3 billion won.
Only institutions were net buyers, purchasing 208.3 billion won.
Following yesterday's (the 13th) U.S. consumer price index, the producer price index (PPI) growth rate also showed a slowdown overnight.
As a result, expectations for further U.S. benchmark interest rate hikes diminished, boosting risk-on sentiment.
U.S. PPI for July remained flat month-on-month at 0.0%, falling short of the market expectation of a 0.2% increase.
The year-on-year growth rate also slowed to 4.7% from 5.5% in the previous month.
On Wall Street, the Dow Jones Industrial Average rose 0.13%, and the Nasdaq Composite climbed 0.81%.
The S&P 500 index also advanced 0.65%, setting a new all-time closing high.
Memory chipmaker Micron gained 4.23%, and SanDisk jumped 13.67%.
SK Hynix American Depositary Receipts (ADRs) also surged 7.29%.
Han Ji-young, an analyst at Kiome Securities, noted, "While there were concerns that rising oil prices could feed into cost increases and translate into consumer inflation, the data reaffirmed that price pressures at the production stage are at least stabilizing."
She added, "Furthermore, SanDisk's projection of mid-to-high 10% average annual revenue growth from 2028 to 2030 is helping alleviate negative narratives surrounding semiconductor stocks."
Brent crude for October delivery and West Texas Intermediate (WTI) crude for September delivery fell 2.15% and 2.43%, respectively, from the previous session.
Prices closed at $87.07 and $81.25 per barrel, respectively.
The yield on the 10-year U.S. Treasury bonds fell about 5 bps (1 bp = 0.01 percentage point) from the previous session to 4.64%.
Samsung Electronics is up over 1%, and SK Hynix is up over 5%.
Among other top market-cap shares, SK Square is up 3.67% and Samsung Electro-Mechanics is up 4.46%.
Hyundai Motor is rising 5.97%, and Samsung Life Insurance is up 5.32%.
Samsung Biologics is down 0.19%.
Hanwha Aerospace is noted as 2.19% in the original text while declining slightly.
By sector, insurance led the gains with a 4.22% increase.
Electrical and electronics followed with 3.47%, manufacturing with 2.93%, communications with 3.05%, and transportation equipment and parts with 2.81%.
The only declining sectors were metals (-0.37%) and paper and wood (-0.15%).
The KOSDAQ opened up 6.70 points, or 0.78%, at 868.07.
At the same time, it stood at 867.45, up 6.08 points or 0.71%.
The KOSDAQ is also rising for the fifth consecutive trading session.
While individuals and institutions are net selling around 4.5 billion won each, only foreigners are net buyers of 7.4 billion won.
Top market-cap Alteogen and runner-ups EcoPro and EcoPro BM are all up 1% to 3%.
Rainbow Robotics and Jusung Engineering are also posting gains in the 4% range.
However, Wonik IPS is down 1.58%, and LEENO Industrial is showing a flat-to-lower trend.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
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