[Edaily Reporter Kim Kyung-eun] The KOSPI surged nearly 5% immediately after the market opened, regaining the 7,800 level.

According to MP Doctor on the 9th, as of 9:03 a.m. today, the KOSPI was trading at 7,838.62, up 354.21 points (4.73%) from the previous trading day.

The index opened at 7,697.76, up 213.35 points (2.85%) from the previous trading day, and immediately jumped to the 7,800 level.

This is interpreted as a result of the New York stock market rebounding, led by tech stocks, following the suspension of further attacks between Israel and Iran.

The two stocks with the highest market capitalization are both on the rise. #Samsung Electronics is trading at 309,000 won, up 13,500 won (4.57%) from the previous trading day. #SK Hynix is trading at 2,051,000 won, up 40,000 won (7.33%) from the previous close.

Among other top-market-cap stocks, #SK Square (7.33%), #Samsung Electro-Mechanics (11.48%), #Hyundai Motor (3.13%), and #LG Energy Solution (0.90%) are also on the rise. Conversely, #HD Hyundai Heavy Industries (-1.93%), #Hyundai Mobis (-0.16%), and #NAVER (-2.33%) are down.

By sector, electrical/electronics, medical/precision instruments, manufacturing, and machinery/equipment are showing strength. In contrast, IT services is the only sector showing weakness.

At the same time, the KOSDAQ is trading at 945.81, up 34.42 points (3.79%) from the previous close. The index opened at 937.69, up 26.30 points (2.89%) from the previous close, and continues to rise.

The two top-market-cap stocks, #Ecopro BM, is trading at 163,500 won, up 3,800 won (2.38%) from the previous session. #Alteogen is trading at 294,500 won, up 5,000 won (1.73%) from the previous trading day.

Among other top-market-cap stocks, #Ecopro (2.19%), #Rainbow Robotics (4.92%), #Juseong Engineering (9.35%), #Kolon TissueGene (2.46%), and #Rino Industrial (12.57%) are showing strength. On the other hand, #SamchundangPharmaceutical (-1.26%) and #ABL-Bavio (-1.13%) are trading lower.

Han Ji-young, an analyst at Kiwoom Securities, predicted, “Today, the domestic stock market is expected to recover from yesterday’s sharp decline, led by oversold leading stocks such as semiconductors, thanks to the rebound in U.S. semiconductor stocks, the KOSPI 200 overnight futures rising by over 5.5%, and the stabilization of the won’s exchange rate following government intervention.”

However, she added, “As the shock from yesterday’s plunge creates a tug-of-war between investors seeking to reduce their positions and those looking for entry opportunities, volatility is expected to remain high for the remainder of the week.”