"No Beating Samsung and SK Hynix": KOSPI Surges Back Above 8,000 as Semiconductor Stocks Lead Rally

Rebound Driven by Institutional Buying
KOSPI Buy-Side Sidecar Triggered

The KOSPI rebounded from early losses on July 3 and turned upward, reclaiming the 8,000-point mark. With gains exceeding 5%, a buy-side circuit breaker was triggered during the session.

As of 2:01 p.m. on this day, the KOSPI was trading at 8,043.45, up 395.3 points (5.17%) from the previous trading day.

The KOSPI started the session at 7,739.75, up 91.66 points (1.20%), but turned downward early on. However, it later erased those losses and expanded its gains. While foreign investors sold 1.4 trillion won and retail investors offloaded 1.3 trillion won, institutional investors made net purchases totaling 2.7 trillion won, pushing the index higher. After the KOSPI surged more than 5%, the Korea Exchange implemented a buy-side circuit breaker during trading hours.

On May 15, when the KOSPI surpassed 8,000 points, a dealer posed in the dealing room of Hana Bank headquarters in Seoul. Photo by Yonhap News

By sector, electric & electronics (7.34%), securities (6.22%), and manufacturing (5.80%) were strong performers. In contrast, medical precision instruments (-2.94%), entertainment & culture (-2.74%), and IT services (-2.46%) showed weakness.

Among large-cap stocks by market capitalization, major semiconductor companies led the rebound. SK hynix soared 10.24%, driving the index upward. Samsung Electronics Preferred rose 9.70%, while Samsung Electronics was up 8.22%.

At the same time, the KOSDAQ index was down 5.65 points (0.65%) from the previous session, trading at 861.07. The KOSDAQ had opened at 875.18, up 8.46 points (0.98%), but turned lower during the session. Foreign investors sold 17 billion won, and institutions offloaded 118 billion won, while retail investors made net purchases of 120 billion won.

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