[Breaking News] KOSDAQ Jumps Over 5%, Reclaims 700-Point Mark… KOSPI Also Rises Over 2%
KOSDAQ Closes at 705, Up 5.62%; KOSPI Also Rises 2.60% in a Simultaneous Rally
KOSDAQ Reclaims the 700-Point Mark Just Four Trading Days After Falling Below It
Major Stocks in the Materials, Parts, and Equipment Sectors and the Secondary Battery Sector Soar Across the Board; JUSUNG ENGINEERING Co.,Ltd. Up 17.14%
[Edaily Reporter kyoungeun kim ] On the 11th, the KOSPI rose by more than 2% thanks to net buying by foreign investors, closing at the 5,375 level. The KOSDAQ surged by more than 5% on strength in large-cap stocks in the materials, parts, and equipment sectors and the secondary battery sector, climbing to the 705 level. On the afternoon of the 11th, the KOSPI was shown at 5,375.36—up 136.23 points (2.6%) from the previous trading day—on the stock market display board in the dealing room at Hana Bank’s headquarters in Jung-gu, Seoul. The KOSDAQ index also closed at 705.1, up 37.49 points (5.62%) for the day. Photo = News1 According to MP Doctor, the KOSPI closed at 5,375.36, up 136.23 points (2.60%) from the previous day. Foreign investors led the index higher with net purchases of 655.3 billion won, while retail and institutional investors recorded net sales of 715.7 billion won and 481.7 billion won, respectively.
The KOSPI steadily extended its gains throughout the session, at one point reaching the 5,377 level before closing. By stock, 575 rose, 41 remained unchanged, and 296 fell, with gainers overwhelmingly outnumbering losers.
The KOSDAQ rose even more sharply than the KOSPI. The KOSDAQ closed at 705.10, up 37.49 points (5.62%) from the previous day. Institutions were net buyers of 313.3 billion won, while retail investors and foreign investors were net sellers of 185.4 billion won and 133.5 billion won, respectively. The number of stocks that rose (1,278) significantly outnumbered those that fell (399).
The KOSDAQ continued to extend its gains even after the buy-side circuit breaker was triggered at 11:28 a.m., regaining the 700-point mark for the first time in four trading days (since November 6, when it stood at 678.41).
Semiconductors drove the index higher. Kang Jin-hyuk, an analyst at Shinhan Investment Securities, noted, “Along with a rebound in Nasdaq futures and major Asian stock markets, SamsungElectronics and SK hynix posted gains, supporting the KOSPI’s rise.” He added, “Even as the broader AI value chain showed mixed performance, SamsungElectroMechanics held up well, and secondary batteries and some healthcare stocks also posted strong gains.” Amid the interplay between CoreWeave’s earnings surprise last night and the Fed’s hawkish remarks, analysts assessed that market sentiment was underpinned by earnings expectations rather than concerns over interest rates stemming from the surprise October Consumer Price Index (CPI) reading.
Looking at individual stocks, SamsungElectronics(005930), the company with the largest market capitalization, closed at 206,000 won, up 3.57%, while SK hynix(000660), the second-largest, closed at 1,277,000 won, up 5.36%.
Among the gainers were SKSQUARE(402340)(up 4.74%), SamsungElectronics(1P)(005935)(up 3.77%), SamsungElectroMechanics(009150)(up 4.65%), LG Energy Solution(373220)(up 1.51%), Samsung Life Insurance(032830)(up 1.23%), and KB Financial Group(105560)(up 0.39%).
On the other hand, SAMSUNG BIOLOGICS(207940)(2.59%) and HyundaiMotor(005380)(0.91%) fell.
HanjinTransportation(002320), a low-PBR theme stock, continued its sharp rally, closing at 21,250 won—up 2,870 won (15.61%).
On the KOSDAQ market, JUSUNG ENGINEERING Co.,Ltd.(036930)(17.14%), ECOPRO BM CO., LTD.(247540)(11.39%), ECOPRO CO., LTD(086520)(10.03%), SIMMTECH Co., Ltd.(222800)(14.07%), EO Technics Co., Ltd.(039030)(8.43%), Rainbow Robotics(277810)(7.08%), LEENO Industrial Inc(058470)(7.00%), Alteogen Inc.(196170)(4.08%), and SAM CHUN DANG PHARM CO. LTD(000250)(3.91%) all closed sharply higher.
In contrast, HLB INC.(028300)fell 1.16%.
By sector, electronic equipment and office electronics rose 6.15%, telecommunications equipment 5.03%, and semiconductors 4.75%; display equipment, headsets, chemicals, and life sciences also rose more than 3%, with most sectors closing higher.
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