After rising for days, the KOSPI index on the 27th broke through the 4,000 level for the first time ever and is extending gains to the 4,030 level during the morning session.
As of 11:39 a.m., the KOSPI index was trading at 4,034.03, up 2.35% (92.44 points) from the previous session. The KOSPI opened at 3,999.79, up 58.20 points (1.48%) from the previous session.
In the main board, foreigners are leading with a net purchase of 448.5 billion won. Individuals, who were net buyers early in the session, turned to net sellers. In contrast, institutions, which started as net sellers, are now net buyers to the tune of 131.6 billion won.
All large-cap stocks on the main board are rising. Samsung Electronics, which recorded "100,000 electronic" for the first time ever, is up 2.94% (2,900 won) from the previous session at 101,700 won. SK hynix is also up in the 3% range.
In addition, LG Energy Solution, Samsung Biologics, HD Hyundai Heavy Industries, Doosan Enerbility, Hanwha Aerospace, Hyundai Motor, and Kia are rising.
At the same time, the KOSDAQ index was up 16.08 points (1.82%) at 899.16.
The KOSDAQ market is being led by foreigners and institutions. While foreigners and institutions are net buying 117.8 billion won and 39.2 billion won, respectively, individuals alone are net selling 157.9 billion won.
Top market-cap stocks on the KOSDAQ are also all rising. With Alteogen showing gains in the 6% range, ECOPRO BM, Ecopro, Rainbow Robotics, Peptron, HLB, PharmaResearch, LigaChem Biosciences, ABL Bio, and Sam Chun Dang Pharm are also on the rise.
The domestic stock market appears to have been influenced by expectations ahead of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju. In Gyeongju, Korea, a South Korea-U.S. summit is set for the 29th, and a U.S.-China summit is scheduled for the 30th.
Lee Jae-won, a researcher at Shinhan Investment & Securities, said, "U.S. President Donald Trump, on his Asia tour, told reporters that the trade negotiations with South Korea are in the final stage," adding, "Momentum worked for negotiation cards such as shipbuilding and nuclear power."