The domestic stock market, which opened for the first time after the impeachment motion against President Yoon Suk-yeol was passed in the National Assembly, started off slightly higher. Individuals are the only ones buying stocks, propelling the index's rise.
As of 9:06 a.m. on the 16th, the Korea Composite Stock Price Index (KOSPI) rose 16.56 points (0.66%) to 2511.02 compared to the previous transaction day.
This day marks the first transaction day since the National Assembly passed the impeachment motion against President Yoon with more than two-thirds support from present lawmakers on the 13th.
In the securities market, individuals have a net purchase of 74.2 billion won, while foreigners are net sellers of 53.3 billion won and institutions are net sellers of 22.2 billion won.
Among the top market capitalization stocks, Samsung Electronics (0.36%), SK Hynix (1.31%), and Samsung Biologics (0.61%) are rising, while LG Energy Solution (-0.12%), Kia (-0.31%), and Korea Zinc (-1.06%) are declining.
At the same time, the KOSDAQ index rose 6.14 points (0.89%) to 699.87 compared to the previous day.
In the KOSDAQ market, individuals have a net purchase of 73 billion won, while foreigners are net sellers of 48.3 billion won and institutions are net sellers of 23.5 billion won.
Most stocks, including Altogen (2.05%), Ecopro BM (1.30%), and Ecopro (0.97%), are rising.
By sector, electric/gas (1.52%), chemicals (1.36%), and machinery/equipment (1.17%) are rising, while textiles/clothing (-0.37%), transport equipment/parts (-0.28%), and real estate (-0.04%) are declining.
On this day in the Seoul foreign exchange market, the exchange rate of the won against the U.S. dollar opened at 1431.0 won, down 2.0 won.
On the latest transaction day, the 13th (local time), the New York stock market closed mixed.
On this day, the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) ended down 86.06 points (0.20%) at 43,828.06.
The Standard & Poor's (S&P) 500 index fell 0.16 points (0.00%) to close at 6051.09, while the Nasdaq Composite Index rose 23.88 points (0.12%) to close at 19,926.72.
A notable stock is the American semiconductor corporation Broadcom. Broadcom's stock price surged 24% during the session, pushing its market capitalization above $1 trillion for the first time. It also surpassed Warren Buffett's Berkshire Hathaway to become the 10th largest corporation by market capitalization in the U.S.
This surge in stock price is thanks to surprising earnings. Broadcom announced that its fourth-quarter revenue surged 51% compared to the same period last year. The annual revenue in the artificial intelligence (AI) institutional sector skyrocketed 220% to $12.2 billion compared to the previous year.