The Korea Composite Stock Price Index exceeded its intraday record on the 9th.
That afternoon, the Korea Composite Stock Price Index recorded a maximum of 3137.17 points during the trading session, surpassing its highest point in the past year (52 weeks). Foreigners and institutions unloaded 409.3 billion won and 82.8 billion won, respectively, but individuals bought a net 440 billion won, absorbing the selling.
Concerns arose that investor sentiment would be dampened as U.S. President Donald Trump reversed his previous stance on delaying the tariff imposition; however, the Korea Composite Stock Price Index is on the rise. As the uncertainty surrounding tariffs has prolonged, the market's response seems to have dulled, and expectations regarding domestic policies, such as the mandatory stock buyback bill, appear to stimulate investor sentiment.
Lee Jae-won, a researcher at Shinhan Investment Corporation, noted, "The Democratic Party announced today that it would propose a bill for mandatory stock buybacks," adding that the omission of the concentrated voting system provided additional momentum for stockholder value enhancement that had previously been a point of disappointment regarding the company law amendment.
In fact, securities-related stocks with a high proportion of stock buybacks are showing strong performance. BOOKOOK Securities hit the upper limit at 60,600 won, while Shinyoung Securities, SK Securities, DAISHIN SECURITIES, LS SECURITIES, Eugene Securities, Hyundai Motor Securities, and Mirae Asset Securities are also seeing gains.