KOR
▲ Stock prices are displayed at the dealing room of Hana Bank headquarters in Seoul on the 31st, as the KOSPI closed up 1,001.89 points (17.91%) from the previous day at 6,595.45, recording its largest-ever daily percentage and point gains.
Sentiment toward semiconductor investment revived significantly in the domestic stock market, with Samsung Electronics and SK Hynix closing with record-high gains to recover most of their losses from this week.
SK Hynix, the country's second-largest company by market capitalization, closed at the daily price limit for the first time in about 17 years since 2009.
In the main bourse today, Samsung Electronics finished up 26.81% at 262,500 won, while SK Hynix surged to its daily limit of 29.95% to close at 1,718,000 won.
Both set record highs for daily percentage gains.
In particular, this marks SK Hynix's first daily price limit finish since June 2015, when the daily price fluctuation limit was expanded from 15% to 30%.
With this surge, the two stocks effectively recovered the ground lost over the past three trading sessions (Samsung Electronics -19.34%, SK Hynix -29.9%).
Hynix recovered 94.6% of its losses, while Samsung Electronics completely wiped out its losses from the previous three days.
The market capitalization of Samsung Electronics and SK Hynix increased by a whopping 327 trillion won and 288 trillion won, respectively, compared to the previous day.
Consequently, Samsung Electronics' market cap surpassed 1,530 trillion won, re-entering the USD 1 trillion market cap club and rising to 12th place globally, while SK Hynix (1,255 trillion won) climbed to 18th place.
Both stocks took the top two spots for net purchases by foreign and institutional investors.
Foreign investors net-purchased over 5.7 trillion won in total, buying 3.606 trillion won of SK Hynix and 2.1168 trillion won of Samsung Electronics.
Institutional investors bought 931.8 billion won of Samsung Electronics and 544.6 billion won of SK Hynix.
The combined market cap share of the two stocks within the KOSPI expanded from 46% the previous day to 51%, and the total KOSPI market capitalization increased by 18% in a single day.
Market sentiment was apparently ignited as solid earnings from hyperscalers such as Microsoft and Amazon overnight alleviated concerns over artificial intelligence (AI) investments.
Bargain-hunting buying following the recent steep declines also appears to have flowed in.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
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