[Edaily Reporter Kim Hyung-il ] The domestic stock market opened higher just one day after the previous decline. Although New York stock markets fell across the board overnight, the KOSPI and KOSDAQ are both rising as bargain-hunting flows in following the previous day’s sharp drop. The securities industry believes that investor sentiment will gradually stabilize, as the previous day’s plunge in semiconductor stocks was largely driven by short-term profit-taking.

According to MP Doctor on the 7th, as of 9:15 a.m., the KOSPI is trading at 6,379.33, up 82.95 points (1.32%) from the previous trading day. There are 586 gainers (including 2 hitting the daily upper limit), 53 stocks trading flat, and 250 decliners. The KOSDAQ is up 10.39 points (1.3%) to 812.06. There are 1,150 gainers (including 5 hitting the daily upper limit), 83 stocks unchanged, and 470 decliners.

By investor type, in the KOSPI market, foreign investors are driving the index higher with net purchases of 313.8 billion won, while institutions are net buyers of 16.9 billion won. Retail investors are net sellers of 305.2 billion won, appearing to take profits. In the KOSDAQ market, retail and institutional investors are net buyers of 24.3 billion won and 17.5 billion won, respectively, while foreign investors are net sellers of 41.3 billion won.

Top-market-cap stocks are showing mixed performance. SamsungElectronics(005930)is up 1.3%, LG Energy Solution(373220)is up 2.61%, and SamsungElectroMechanics(009150)is up 0.98%. In contrast, SK hynix(000660), which plummeted more than 10% the previous day, is down 0.74%, reflecting weakness among semiconductor stocks. HyundaiMotor(005380)(-2.13%), SAMSUNG BIOLOGICS(207940)(-0.2%), KB Financial Group(105560)(-0.12%), and Samsung Life Insurance(032830)(-4%) are all showing declines.

Most of the top KOSDAQ stocks by market capitalization are on the rise. ECOPRO CO., LTD(086520)is up 4.78%, and ECOPRO BM CO., LTD.(247540)(4%), HLB INC.(028300)(2.7%), Peptron, Inc.(087010)(2.13%), ABL Bio Inc.(298380)(1.8%), and Alteogen Inc.(196170)(0.68%) are all showing strength. On the other hand, Rainbow Robotics(277810)(-2.96%) and WONIK IPS Co.,Ltd.(240810)(-1.19%) are trading lower. As buying interest from retail and institutional investors flows into growth stocks such as biotech and secondary batteries, the KOSDAQ is continuing its rebound alongside the KOSPI.

By sector, on the KOSPI, chemicals (2.42%), electrical and electronics (1.47%), entertainment and culture (1.24%), and manufacturing (1.04%) are showing strength. By market capitalization, large-cap stocks (0.3%), mid-cap stocks (0.06%), and small-cap stocks (0.64%) are all rising, indicating that buying momentum is spreading across the broader market.

Overnight, all three major U.S. stock indices fell. The Dow Jones Industrial Average dropped 0.85%, ending its five-day winning streak, while the S&P 500 and the Nasdaq Composite also fell by 0.18% and 0.06%, respectively. Amid slight increases in oil prices and market interest rates, the weakness in semiconductor stocks such as SanDisk and Western Digital is believed to have dampened investor sentiment.

However, the securities industry views the previous day’s sharp decline in the domestic stock market as the result of a combination of SanDisk’s disappointing guidance and short-term profit-taking. Han Ji-young, an analyst at KIWOOM Securities, said, “We believe the sharp decline yesterday was largely due to a correction following the recent sharp rally and the aftermath of profit-taking,” adding, “Today, the market is expected to attempt a rebound, supported by the fact that the weakness in U.S. semiconductor stocks has already been factored in and by bargain-hunting following yesterday’s sharp decline.”