The KOSPI and KOSDAQ indexes rebounded after one day. The KOSPI, which fell below 5,000 points on the 2nd, opened by reclaiming the 5,100 level, and the KOSDAQ is showing gains in the 3% range.
As of 9:02 a.m., the KOSPI was at 5,128.23, up 3.61% (178.56 points) from the previous trading day. The KOSPI opened at 5,114.81, up 165.14 points (3.34%) on the day.
Individuals are leading the main board. While individuals are net buying 47 billion won, foreigners and institutions are net selling 26.8 billion won and 16.6 billion won, respectively.
Large-cap stocks on the main board lit up across the board. Samsung Electronics and SK hynix are showing gains in the 4% and 5% ranges, respectively. In addition, Hyundai Motor, LG Energy Solution, Samsung Biologics, SK Square, Hanwha Aerospace, and HD Hyundai Heavy Industries are also rising.
At the same time, the KOSDAQ was pointing to 1,131.59, up 33.23 points (3.03%) from the previous day. The KOSDAQ opened at 1,135.94, up 37.58 points (3.42%) on the day.
On the KOSDAQ, individuals and institutions turned net buyers. Individuals are net buying 30.5 billion won and institutions 48.1 billion won, while only foreigners are net selling 75.9 billion won.
Top KOSDAQ market-cap stocks are also rising across the board. In particular, Rainbow Robotics and Sam Chun Dang Pharm are showing gains of about 5% and 6%, respectively.
This is interpreted as the result of the U.S. stock market finding stability despite increased volatility over the weekend. Overnight, New York stocks closed higher across the board on the strength of tech shares. The domestic market plunged the previous day on the shock of the U.S. nomination of "Kevin Warsh," but the U.S. market appears to have stabilized.
On Wall Street, the Dow Jones Industrial Average rose 515.19 points (1.05%) from the previous trading day to close at 49,407.66. The Standard & Poor's (S&P) 500 rose 37.41 points (0.54%) to 6,976.44, and the tech-heavy Nasdaq composite finished at 23,592.11, up 130.29 points (0.56%) from the previous session.
Earlier, U.S. President Donald Trump nominated the hawkish Kevin Warsh as the next chair of the Federal Reserve (Fed), sending global risk asset prices plunging across the board.