KOSPI Surges 7% as Buy-Side Sidecar Triggered, Foreign and Institutional Investors Turn Net Buyers

Samsung Electronics Surges Over 10%

SK hynix Gains More Than 8%

The KOSPI index surged sharply in early trading on June 12, triggering a temporary suspension of program buy orders (buy-side sidecar). Foreign investors, who had been net sellers for 24 consecutive trading days until the previous day, turned into net buyers in the early session.

Yonhap News Agency

As of 9:16 a.m. on the same day, the KOSPI index was trading at 8,336.01, up 572.06 points (7.37%) from the previous trading day. Due to the sharp rally at the open, the buy-side sidecar was triggered at 9:06:02 a.m. The sidecar mechanism is activated when the KOSPI 200 futures price rises by more than 5% from the reference price and stays at that level for one minute, suspending the effectiveness of program buy orders for five minutes.

By investor category, foreign investors and institutions are net buyers of 332.875 billion won and 461.089 billion won, respectively. Foreign investors had maintained a streak of net selling for 24 consecutive trading days from May 7 until the previous day. Individual investors are net sellers of 794.115 billion won.

All industry sectors are showing gains. In particular, the electrical and electronics sector (+9.21%), manufacturing (+8.09%), and construction (+7.59%) are posting strong increases. The retail (+5.95%), securities (+5.64%), transportation equipment and parts (+5.23%), machinery and equipment (+4.80%), metals (+4.67%), electric and gas (+4.18%), and transportation and warehousing (+3.54%) sectors are also seeing gains of more than 3%.

Stocks with the largest market capitalizations are also showing strength. Samsung Electronics, the top stock by market capitalization, is trading at 331,500 won, up 10.8% from the previous day. SK hynix, ranked second, is trading at 228,500 won, up 8.7%. Other large-cap stocks such as Doosan (+15.3%), Samsung C&T (+11.2%), Samsung Electro-Mechanics (+10.0%), LG Innotek (+9.2%), and Samsung SDI (+8.3%) are all performing strongly.

At the same time, the KOSDAQ index was trading at 1,025.06, up 28.13 points (2.82%) from the previous trading day. By investor category, individual investors are net buyers of 283.12 billion won, while foreign investors and institutions are net sellers of 261.1 billion won and 23.423 billion won, respectively.

Except for publishing and media reproduction (-1.41%), all sectors are on the rise. Machinery and equipment (+4.54%), financials (+3.85%), and retail (+3.32%) are all up more than 3%, while manufacturing (+2.96%), construction (+2.57%), and metals (+2.44%) are also gaining.

Most large-cap stocks are also on the rise. Alteogen, the largest by market capitalization, is trading at 352,500 won, up 1.5%, while EcoPro BM (+4.5%) and EcoPro (+5.9%), which rank second and third, are also posting high growth rates. Roboteez (+18.6%), HPSP (+12.5%), Padu (+8.4%), Wonik IPS (+7.5%), ISC (+7.3%), and Jeju Semiconductor (+7.0%) are also strong. In contrast, Hyundai Movex (-2.0%), Caregen (-1.4%), and D&D Pharmatech (-1.2%) are weaker.

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,518.0 won, down 10.9 won from the previous trading day.

This content was produced with the assistance of AI translation services.