After digesting major events such as the results of the South Korea-U.S. tariff talks and the U.S.-China summit, the KOSPI turned higher intraday on the 31st to reclaim the 4,100 level. The KOSDAQ also extended gains to approach the 900 level.
As of 11:42 a.m. that day, the KOSPI was up 24.57 points (0.60%) from the previous session at 4,111.46. The index opened 3.64 points (0.09%) lower at 4,083.25, widened losses to as low as 4,059.74, then reversed higher and is extending its rise.
The KOSPI's advance is being led by institutional investors, who are net buyers of 580 billion won. Individuals and foreigners are net sellers of 202.7 billion won and 373.1 billion won, respectively. Individuals turned to "sell" intraday after net buying early in the session. Foreigners are also net selling 26.7 billion won in KOSPI 200 futures.
Samsung Electronics, the top market-cap stock on the main board, extended gains from early trade and is changing hands at 105,200 won. Automakers such as Hyundai Motor and Kia are also rising. HD Hyundai Heavy Industries, Hanwha Aerospace, and KB Financial are also on the rise. In contrast, SK hynix, LG Energy Solution, Hanwha Ocean, and Samsung C&T are weak.
At the same time, the KOSDAQ was up 8.99 points (1.01%) from the previous session at 899.85. The index opened 3.68 points (0.41%) higher at 894.54 and is extending gains. Foreigners and institutional investors are net buying 43.8 billion won and 98.2 billion won, respectively. Individuals are net sellers of 133.7 billion won.
Among top market-cap stocks, pharma names such as Alteogen, HLB, PharmaResearch, ABL Bio, and LigaChem Biosciences are gaining. With Jensen Huang, Nvidia's chief executive officer (CEO), saying he will partner with Korea's robotics industry, Rainbow Robotics is surging about 9%.