[Edaily Reporter KIM YOON-JEONG ] The KOSPI extended its gains in the afternoon of the 24th, regaining the 8,300 level. Following a sharp drop of nearly 10% the previous day, bargain-hunting buying has driven the market higher, with SamsungElectronics surging nearly 8% to lead the index’s rebound. The KOSDAQ is also rising by more than 1%, joining the upward trend.

According to MP Doctor, as of 2:00 p.m. that day, the KOSPI index was trading at 8,373.58, up 169.74 points (2.07%) from the previous trading day. The index opened at 8,356.79 and extended its gains, climbing as high as 8,577.52 during the session.
In terms of supply and demand, based on combined data from the Korea Exchange and Nextrade (NXT), retail investors and institutional investors are net buyers of 1.9776 trillion won and 2.1121 trillion won worth of stocks, respectively. In contrast, foreign investors are net sellers of 4.2160 trillion won worth of stocks.
SamsungElectronics(005930), the KOSPI’s top-ranked stock by market capitalization, is surging to 334,750 won (7.98%). SK hynix(000660)is trading at 2,555,000 won, near the previous day’s closing price.
In addition, SAMSUNG C&T CORPORATION(028260)(7.58%), SAMSUNG BIOLOGICS(207940)(6.60%), Samsung Life Insurance(032830)(0.71%), and HD HYUNDAI HEAVY INDUSTRIES(329180)(0.17%) are all showing gains. On the other hand, SKSQUARE(402340)(-4.48%), SamsungElectroMechanics(009150)(-0.45%), HyundaiMotor(005380)(-0.59%), and LG Energy Solution(373220)(-0.14%) are showing weakness.
Although U.S. stock markets saw a sharp decline the previous day, led by semiconductor stocks, due to concerns over overheating in artificial intelligence (AI) investments, the domestic market is attempting a rebound by narrowing its losses. Additionally, analysts noted that the news of South Korea’s failure to be included in the Morgan Stanley Capital International (MSCI) Developed Markets Index watchlist has already been largely factored into the market, limiting its impact.
Kang Jin-hyuk, a senior analyst at Shinhan Investment Securities, explained, “Following reports of a 90 trillion won share buyback, SamsungElectronics has regained its position as the market leader after just two days, while SAMSUNG C&T CORPORATION is rising and SKSQUARE is falling, showing mixed trends.” He added, “South Korea’s failure to be included on the MSCI Developed Markets Watchlist was already factored in during last week’s market accessibility review.”
He continued, “Foreign investors have continued net selling of spot shares in the trillions of won for three consecutive trading days and have also switched to net selling in the futures market,” adding, “We are seeing differentiated supply and demand patterns, with foreign investors buying SamsungElectronics shares while selling SK hynix shares.”
At the same time, the KOSDAQ market is also continuing its upward trend. As of this writing, the KOSDAQ index is trading at 904.24, up 12.72 points (1.43%) from the previous trading day.
In the KOSDAQ market, institutional investors are net buying 275.7 billion won worth of shares. In contrast, retail investors and foreign investors are net selling 254.4 billion won and 34.6 billion won worth of shares, respectively.
The top two stocks by market capitalization on the KOSDAQ are both on the rise. Alteogen Inc.(196170)is trading at 368,500 won (up 10.66%), and ECOPRO BM CO., LTD.(247540)is trading at 153,000 won (up 1.39%).
In addition, ECOPRO CO., LTD(086520)(5.05%), Rainbow Robotics(277810)(1.99%), Kolon TissueGene, Inc.(950160)(5.99%), HLB INC.(028300)(5.26%), EO Technics Co., Ltd.(039030)(1.96%), and SAM CHUN DANG PHARM CO. LTD(000250)(6.04%) are showing strength. On the other hand, WONIK IPS Co.,Ltd.(240810)(-1.20%) and LEENO Industrial Inc(058470)(-0.94%) are showing weakness.