The KOSPI and KOSDAQ indices continue to rise. The KOSPI index, which succeeded in rebounding on the 3rd, has risen for two consecutive transactions to settle at the 2480 level. The KOSDAQ index also rose, closing at the 710 level.
Buying pressure from foreign investors and institutions lifted the stock market. In particular, the anticipation of the world's largest consumer electronics and IT exhibition, "CES 2025," which opens on the 7th, has also contributed to the strength of semiconductor stocks.
On the 6th, the KOSPI index closed at 2488.64, up 46.72 points (1.91%) from the previous transaction. The KOSPI index started at 2453.30, up 11.38 points (0.47%) from the previous session, and expanded its gains during the day. After initially selling, foreign investors and institutions switched to buying in the morning. Individuals sold a net of 541.9 billion won, while foreign investors and institutions bought a net of 371.9 billion won and 64.5 billion won, respectively. In particular, foreign investors have shown a buying trend for two consecutive transactions, following the 3rd.
Jo Min-kyu, a Research Institute researcher at Shinhan Investment Corp., noted, "The KOSPI index is continuously rising due to the influx of buying pressure from foreign investors and institutions," adding, "It is maintaining a rise of over 1% for two transactions in a row, approaching 2500."
In the KOSDAQ market, the rise of semiconductor stocks stood out. SK hynix closed at 199,800 won, up 9.84% from the previous transaction. It is the first time since November 12 of last year that SK hynix has surpassed 190,000 won. Samsung Electronics and LG Electronics also closed higher.
The U.S. economic indicators announced before the market opened that day showed strong performance, and expectations for the CES event appear to have positively influenced investor sentiment. Previously, the U.S. Institute for Supply Management (ISM) reported a December Purchasing Managers' Index (PMI) of 49.3, exceeding market expectations (48.4) and recording the highest level in nine months.
Lee Kyung-min, a Research Institute researcher at Daishin Securities, said, "The (better-than-expected) U.S. ISM manufacturing index has a high correlation with the domestic export economy," and that this increases expectations for a rebound in the domestic stock market alongside the solid December export performance.
Jo also stated, "As the ISM manufacturing index shows strong performance, the KOSPI index is also continuing its strength centered on semiconductors," adding, "Moreover, as we approach the Samsung Electronics provisional performance announcement on the 8th, foreign investors' net buying of cash and futures has continued for two consecutive transactions."
On that day, the KOSDAQ index closed at 717.96, up 12.20 points (1.73%) from the previous transaction. Individuals recorded a net purchase of 161.3 billion won, while foreign investors and institutions sold a net of 155.5 billion won and 14.5 billion won, respectively. The KOSDAQ index has also continued to rise by over 1% for four consecutive transactions.
The top-cap stocks in the KOSDAQ also generally rose. EcoproBM, HLB, Ecopro, LigaChem Biosciences, Samchundang Pharm, and CLASSYS all closed higher. Furthermore, the news that the quantum computing sector was newly established at CES 2025 led to a surge in quantum computing-related stocks. iWIN PLUS soared 29.94%, hitting the upper price limit.