KOSPI Index Surges to New Heights, Breaking the 3910 Barrier
The KOSPI index is making headlines as it continues to break records daily. On this day, the index surpassed the 3910 mark for the first time in history during trading.
As of 10:34 AM on the 24th, the KOSPI index is trading at 3896.16, up by 50.6 points (1.32%) compared to the previous day. At one point, the index soared to 3919.17, marking a historic breakthrough into the 3910 range, and it nearly reached the 3920 level.
In the securities market, foreign and institutional investors are in a buying frenzy, with net purchases of 129.8 billion won and 269.6 billion won, respectively. In contrast, individual investors are at a net selling position of 394.5 billion won.
Samsung Electronics, a leading stock, is currently trading at 97,800 won, up by 1.35%. SK Hynix is also seeing a strong performance with a 5.12% increase in its stock price. The robust performance of these semiconductor giants is attributed to positive earnings forecasts from U.S. AI semiconductor companies. Intel reported a third-quarter revenue of $13.65 billion, significantly exceeding expert expectations. Following this earnings announcement, Intels shares surged over 7% in after-hours trading.
Meanwhile, the KOSDAQ index is trading at 880.4, up by 8.37 points (0.96%). While the KOSPI index continues its record-breaking streak, the KOSDAQ index is showing relatively weaker performance. In October alone, the KOSPI index has risen by 12.29% up to the previous day, while the KOSDAQ has only seen a rise of 3.57%.
In the KOSDAQ market, individual and institutional investors are net buyers, with purchases amounting to 21.1 billion won and 37.6 billion won, respectively. However, foreign investors are at a net selling position of 54 billion won.
The secondary battery stocks are leading the KOSDAQ index, contributing to the overall market dynamics.
As of 10:34 AM on the 24th, the KOSPI index is trading at 3896.16, up by 50.6 points (1.32%) compared to the previous day. At one point, the index soared to 3919.17, marking a historic breakthrough into the 3910 range, and it nearly reached the 3920 level.
In the securities market, foreign and institutional investors are in a buying frenzy, with net purchases of 129.8 billion won and 269.6 billion won, respectively. In contrast, individual investors are at a net selling position of 394.5 billion won.
Samsung Electronics, a leading stock, is currently trading at 97,800 won, up by 1.35%. SK Hynix is also seeing a strong performance with a 5.12% increase in its stock price. The robust performance of these semiconductor giants is attributed to positive earnings forecasts from U.S. AI semiconductor companies. Intel reported a third-quarter revenue of $13.65 billion, significantly exceeding expert expectations. Following this earnings announcement, Intels shares surged over 7% in after-hours trading.
Meanwhile, the KOSDAQ index is trading at 880.4, up by 8.37 points (0.96%). While the KOSPI index continues its record-breaking streak, the KOSDAQ index is showing relatively weaker performance. In October alone, the KOSPI index has risen by 12.29% up to the previous day, while the KOSDAQ has only seen a rise of 3.57%.
In the KOSDAQ market, individual and institutional investors are net buyers, with purchases amounting to 21.1 billion won and 37.6 billion won, respectively. However, foreign investors are at a net selling position of 54 billion won.
The secondary battery stocks are leading the KOSDAQ index, contributing to the overall market dynamics.
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