KOSPI Index Surges Past 3900 Mark, Driven by Semiconductor Stocks
On the 24th, the KOSPI index opened strong, surpassing the 3900 mark shortly after the market opened, signaling a bullish trend. It appears that semiconductor stocks are leading the charge in the stock market.
During the morning session, the KOSPI reached as high as 3910, breaking past the previous days intraday high of 3902.21, thus setting a new record.
Institutions have been significant buyers, net purchasing around 90 billion KRW, which has helped push the index higher. In contrast, individual and foreign investors are net sellers, offloading 82 billion KRW and 8.9 billion KRW, respectively.
Notably, the rise in semiconductor stocks has been particularly pronounced. SK Hynix has increased by over 5% from the previous day, trading at 504,500 KRW, while Samsung Electronics has also risen by more than 1%, approaching its 100,000 KRW milestone.
This upward momentum in the domestic market is believed to be influenced by the performance of semiconductor stocks on the U.S. stock market, which closed higher the previous night.
For more details, please watch the accompanying video.
During the morning session, the KOSPI reached as high as 3910, breaking past the previous days intraday high of 3902.21, thus setting a new record.
Institutions have been significant buyers, net purchasing around 90 billion KRW, which has helped push the index higher. In contrast, individual and foreign investors are net sellers, offloading 82 billion KRW and 8.9 billion KRW, respectively.
Notably, the rise in semiconductor stocks has been particularly pronounced. SK Hynix has increased by over 5% from the previous day, trading at 504,500 KRW, while Samsung Electronics has also risen by more than 1%, approaching its 100,000 KRW milestone.
This upward momentum in the domestic market is believed to be influenced by the performance of semiconductor stocks on the U.S. stock market, which closed higher the previous night.
For more details, please watch the accompanying video.
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