The KOSPI index, which fell on the first trading day of the new year, successfully rebounded on the 3rd. It rose for the first time in six transactions. Notably, the leading stock, Samsung Electronics, showed an increase of nearly 2%.
On the 3rd, the KOSPI index closed at 2441.92, up 42.98 points (1.79%) from the previous day. It recovered the 2440 level for the first time in five transactions. In the securities market, institutions bought a net 318 billion won, while foreigners purchased a net 284.2 billion won, leading the index's rise. Individuals sold a net 696.1 billion won.
On that day, large-cap stocks such as Samsung Electronics and SK Hynix saw notable gains. Samsung Electronics closed up 1.87% at 54,400 won, while SK Hynix surged 6.25% to close at 181,900 won.
It is interpreted that Nvidia's nearly 3% rise on the New York Stock Exchange last night positively influenced the domestic IT sector.
Bank of America (BoA), a U.S. investment bank, ranked Nvidia as one of the top semiconductor stocks of the year. BoA maintained an optimistic stance on Nvidia, setting a target price of $190. On the 2nd (local time), Nvidia's closing price was $138.31, which implies an upside potential of about 40% based on BoA's projection.
Rainbow Robotics, which recorded its upper price limit on expectations that it would be incorporated as a subsidiary of Samsung Electronics, dropped more than 3% in early trading. However, after briefly shaking, buying pressure surged, and it closed 10.17% higher at 233,000 won compared to the previous day.
In addition to Samsung Electronics and SK Hynix, among the top market capitalization stocks, LG Energy Solution (2.89%), Samsung Biologics (0.64%), and Hyundai Motor (0.71%) also rose. Conversely, Kia (-0.89%), HD Hyundai Heavy Industries (-1.21%), and Hyundai Mobis (-1.00%) fell.
On that day, the KOSDAQ index closed at 705.76, up 19.13 points (2.79%) from the previous day. This marks the first time the KOSDAQ index has surpassed 700 points since Nov. 12 of last year.
In the KOSDAQ market, foreigners made a net purchase of 143.1 billion won, while institutions bought 76.2 billion won, driving the index higher. In contrast, individuals sold a net 224.8 billion won.
Most of the top market capitalization stocks, including Alteogen (6.17%), Ecopro BM (7.11%), HLB (3.13%), Ecopro (10.14%), and Rainbow Robotics (10.17%), closed higher.
The Ecopro Group had shown weakness due to a temporary demand slowdown in electric vehicles and the review of tariff imposition on battery materials linked to the possible repeal of the Inflation Reduction Act (IRA) by the Trump administration. However, a significant influx of bargain-hunting buying occurred that day.
On that day, the exchange rate of the Korean won to the U.S. dollar closed at 1468.4 won, rising by 1.8 won from the previous day.