On the 23rd, the KOSPI index started with an increase of over 1% as the U.S. stock market rebounded overnight on expectations of progress in U.S.-China trade negotiations. The KOSPI index exceeded the 2500 mark during the trading session for the first time since the 4th, marking the 13th trading day.
As of 9:09 a.m. that day, the KOSPI index recorded 2517.61, an increase of 30.97 points (1.25%) from the previous day. The KOSPI index started at 2520.56, up 1.36%.
In the securities market, institutions bought 83.6 billion won worth of stocks, pushing up prices. Foreigners and individuals sold a net 70.1 billion won and 18.8 billion won, respectively.
The top market capitalization stocks are all on the rise. SK hynix and LG Energy Solution are up over 3%, while Hyundai Motor gained 2.05%. Samsung Electronics, Samsung Electronics preferred shares, Kia, and KB Financial are also up more than 1%.
At the same time, the KOSDAQ index is trading at 721.67, up 5.55 points (0.78%) from the previous day. The KOSDAQ index started trading at 724.33, up 1.15%. In the KOSDAQ market, individuals and institutions are net buying 59.1 billion won and 1 billion won, respectively. Foreigners sold 48.7 billion won worth.
Among the top KOSDAQ market capitalization stocks, ECOPRO BM (3.07%), Ecopro (2.75%), Rainbow Robotics (1.42%), LigaChem Biosciences (1.42%), and HUGEL (0.43%) are rising. In contrast, Kolon TissueGene (-0.64%), Fabtron (-0.34%), CLASSYS (-0.32%), and Alteogen (-0.13%) are in decline.
On that day, the exchange rate for the Korean won against the U.S. dollar started at 1429.2 won, up 8.6 won from the previous day.
Overnight, U.S. stock markets showed an upward trend as optimism arose that U.S.-China negotiations may make progress. U.S. Treasury Secretary Scott Bessen said at an investor event that 'the stalemate with China caused by tariffs is not sustainable and we expect the situation to de-escalate.'
On the New York Stock Exchange, the Dow Jones Industrial Average closed at 39,186.98, up 2.66% from the previous trading day. The Standard & Poor's 500 Index closed at 5287.76, a 2.51% increase from the prior trading day, while the Nasdaq Composite Index rose 2.71% to 16,300.42.
The large tech stock group 'Magnificent 7 (M7)' was also uniformly strong. Tesla's stock rose 4.60% ahead of its earnings announcement after the market closed, and Apple (3.4%), Meta (3.2%), and NVIDIA (2.0%) also increased.