"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
View original imageBy 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%.
Hot Picks Today
"I Invested KRW 10 Million, Only KRW 2 Million Is Left" ... 77% Plunge Sends Retail Investors Who Piled Into Samsung Electronics and SK hynix Leveraged ETFs Crying Out
- "There's a Drink Like This?"... Chinese Beverage With "Korean" in Its Name Rakes in 85 Million Won in Monthly Sales
- "No Need to Hire a Model"... The 25-Year-Old Woman Who Entered Social Media with a Face That Cost Just 1,500 Won [AI Content: The Bright and Dark Sides] 1
- "Samsung Electronics at 70,000 won, SK hynix at 200,000 won"... Why the gloomy outlook despite 'record-breaking earnings'?
- "The leggings are all see-through. It's so embarrassing to look at," complaints prompt Lululemon to fire development staff.
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.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
