On the 29th, the Korea Composite Stock Price Index (KOSPI) started strong, recovering the 3,200 level amid a bullish trend led by rising indexes on the New York stock market.
The KOSPI index opened at 3,208.80 and, as of 9:01 a.m., showed a gain of 15.23 points (0.48%) from the previous transaction day, reaching 3,211.55.
Looking at the trading trends of investors in the stock market (KOSPI), individuals are leading the index rise with a net purchase of 36.9 billion won. Institutions also net purchased 9.3 billion won, while foreigners are net selling 30.6 billion won.
The increase in the three major indexes on the New York stock market, including the Standard and Poor's (S&P) 500 index breaking 6,500 for the first time, served as a positive factor.
In particular, remarks by Jensen Huang, CEO of NVIDIA, stating that there are no concerns regarding the demand for artificial intelligence (AI), contributed to a 0.49% increase in the Philadelphia Semiconductor Index, which consists of AI and semiconductor-related stocks.
Han Ji-young, a researcher at Kiwoom Securities, noted, "With NVIDIA's recovery from recent declines and Alphabet's announcement of data center investments, the domestic stock market is expected to show a trend of recovering recent losses, focusing on semiconductor stocks."
In fact, the stock prices of Samsung Electronics and SK hynix, the leading semiconductor stocks in the KOSPI, are both strong in early trading. Additionally, the stock prices of Samsung Biologics and HD Hyundai Heavy Industries are also rising.
At the same time, the KOSDAQ index recorded 804.19, up by 5.76 points (0.72%) from the previous transaction day. Individuals and foreigners are leading the index rise with net purchases of 13.3 billion won and 1.8 billion won, respectively.
Meanwhile, the top market capitalization items in the KOSDAQ market show mixed trends. While the stock prices of biotech stocks such as Alteogen and LigaChem Biosciences are strong, stocks related to secondary batteries like Ecopro and ECOPRO BM are weak.
In the Seoul foreign exchange market, the won-dollar exchange rate showed a decline of 8.90 won (0.64%) from the previous transaction day, standing at 1,385.30 won.