KOSPI Approaches 6000 as Market Enthusiasm Grows Amid Positive U.S. Trends
As the KOSPI index approaches the significant 6000 mark, with just about 200 points remaining, market attention is focused on whether the index will continue its bullish trend on the 23rd. Following the U.S. Supreme Courts ruling against Trump tariffs, which has led to a bullish sentiment in the New York stock market, analysts suggest that the KOSPI might also follow this upward trajectory.
On the previous trading day, the 20th, the KOSPI closed at 5808.53, marking a 2.31% increase. Shortly after the Lunar New Year holiday, the index surged past the 5600 level and quickly broke through both the 5700 and 5800 levels, setting new all-time highs. Institutional investors drove the market higher with net purchases amounting to 1.61 trillion won, while foreign and individual investors sold off 745.1 billion won and 986.1 billion won, respectively, to realize profits.
Leading stocks such as Samsung Electronics and SK Hynix also experienced gains. Market leader Samsung Electronics rose by 0.05% to finish at 190,100 won, while SK Hynix soared by 6.15%, closing at a record high of 949,000 won. Other notable gainers included Hanwha Aerospace (up 8.09%), Doosan Enerbility (up 5.18%), HD Hyundai Heavy Industries (up 4.88%), Samsung C&T (up 3.60%), and SK Square (up 2.47%).
Conversely, the KOSDAQ index fell by 0.58%, ending the day at 1154.00. Both individual and institutional investors made net purchases of 318.9 billion won and 3.2 billion won, respectively, while foreign investors sold off 272.8 billion won.
As the KOSPI continues its high-flying performance after the holiday, securities firms are raising their target indices. Hana Financial Investment set a year-end target for the KOSPI at 7900 on the 20th. Analyst Lee Jae-man noted that considering the price-to-earnings ratio (PER) of the semiconductor sector, there is theoretically a potential for stock prices to rise by 74.8% from current levels. Korea Investment & Securities also adjusted its upper target from 5650 to 7250, while NH Investment & Securities raised its 12-month forward target to 7300.
On the previous trading day, the 20th, the KOSPI closed at 5808.53, marking a 2.31% increase. Shortly after the Lunar New Year holiday, the index surged past the 5600 level and quickly broke through both the 5700 and 5800 levels, setting new all-time highs. Institutional investors drove the market higher with net purchases amounting to 1.61 trillion won, while foreign and individual investors sold off 745.1 billion won and 986.1 billion won, respectively, to realize profits.
Leading stocks such as Samsung Electronics and SK Hynix also experienced gains. Market leader Samsung Electronics rose by 0.05% to finish at 190,100 won, while SK Hynix soared by 6.15%, closing at a record high of 949,000 won. Other notable gainers included Hanwha Aerospace (up 8.09%), Doosan Enerbility (up 5.18%), HD Hyundai Heavy Industries (up 4.88%), Samsung C&T (up 3.60%), and SK Square (up 2.47%).
Conversely, the KOSDAQ index fell by 0.58%, ending the day at 1154.00. Both individual and institutional investors made net purchases of 318.9 billion won and 3.2 billion won, respectively, while foreign investors sold off 272.8 billion won.
As the KOSPI continues its high-flying performance after the holiday, securities firms are raising their target indices. Hana Financial Investment set a year-end target for the KOSPI at 7900 on the 20th. Analyst Lee Jae-man noted that considering the price-to-earnings ratio (PER) of the semiconductor sector, there is theoretically a potential for stock prices to rise by 74.8% from current levels. Korea Investment & Securities also adjusted its upper target from 5650 to 7250, while NH Investment & Securities raised its 12-month forward target to 7300.
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