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KOSPI Reclaims 7,000 Mark Led by Semiconductor Stocks, KOSDAQ Also Rises

KOSPI Reclaims 7,000 Mark Led by Semiconductor Stocks, KOSDAQ Also Rises
▲ An employee checks the stock market and exchange rates at the headquarters of Hana Bank in Jung-gu, Seoul, on the 8th. As of 9:02 a.m. today, the KOSPI stood at 7,047.91, up 52.52 points (0.75%) from the previous session. The index opened at 7,045.79, up 50.40 points (0.72%) from the previous session.

The KOSPI is rising in early trading amid continuing positive momentum from OpenAI's Astra.

According to the Korea Exchange, as of 9:15 a.m. today (the 8th), the KOSPI is up 57.67 points (0.82%) from the previous trading day at 7,053.06.

Opening at 7,045.79, up 50.40 points (0.72%) from the previous session, the index reclaimed the "7,000-point KOSPI" mark right upon market opening.

In the KOSPI market, foreign and individual investors are net sellers of 142.7 billion won and 16.1 billion won, respectively, while institutional investors are net buyers of 89.3 billion won.

Other corporations maintain a buying advantage of 69.4 billion won.

The index is expanding its gains due to the persistent favorable breeze from OpenAI's new AI model Astra, despite pressure from profit-taking following the previous day's surge in the KOSPI.

While the U.S. stock market was closed for Labor Day, European semiconductor-related stocks such as Infineon (6.91%) and ASML (2.25%) rose.

The semiconductor duo of Samsung Electronics and SK Hynix are pulling the index up by gaining 1.48% and 3.42%, respectively.

At the same time, the KOSDAQ index is up 4.66 points (0.57%) at 826.85 compared to the previous session.

The index opened at 825.03, up 2.84 points (0.35%) from the previous session, maintaining its upward trend.

Individual and foreign investors are net buyers of 13.2 billion won and 18.0 billion won, respectively, while institutions are net sellers of 30.3 billion won.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
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