The Korea Composite Stock Price Index rose to the 3,440 level it had never reached before.
At 11:01 a.m. on the 16th, the Korea Composite Stock Price Index stood at 3,440.96. It rose 33.86 points (0.99%) from the previous day, rewriting its all-time high for the fifth straight trading day. In the KOSPI market, foreigners were net buyers of 600 billion won. Institutions also showed a buying advantage of 90 billion won. Only individuals turned to "sell," offloading 685 billion won.
As Samsung Electronics and SK hynix, the two flagship stocks of the KOSPI market, continue to gain, they are lifting the index. Samsung Electronics' share price climbed to 78,000 won during the morning session, marking the highest level in about a year. SK hynix hit 346,000 won, setting a new all-time high since joining SK Group.
Samsung Electronics and SK hynix are showing gains in their share prices for seven and 11 consecutive trading days, respectively, as foreign buying pours in. That is thanks to easing concerns about an artificial intelligence (AI) bubble and expectations that, following high bandwidth memory (HBM), prices of DRAM and NAND flash will also rise. There is also an aspect where foreign buying has concentrated on the two stocks on the premise of a possible decline in the won's exchange rate against the U.S. dollar.
By sector, defense stocks such as Hanwha Aerospace, LIG Nex1 and Hyundai Rotem are strong amid instability in the Middle East and Europe. Shipbuilding and nuclear power, which had paused, are also rising.
At 11:07 a.m. that day, the KOSDAQ index stood at 850.63, down 2.06 points (0.24%) from the previous day. The KOSDAQ index also climbed to as high as 855.5 early in the session, marking the highest point since July last year, but turned slightly lower as profit-taking poured in.
In the KOSDAQ market, only individuals are showing a buying advantage of 210.4 billion won. Foreigners and institutions are net sellers of 182.3 billion won and 19.6 billion won, respectively.
Among the top KOSDAQ market cap stocks, shares including the "bellwether" Alteogen, as well as Peptron, Rainbow Robotics, ABL Bio and LigaChem Biosciences, are trading at lower prices than the previous day. ECOPRO BM, Ecopro and PharmaResearch are up slightly.