A market open board is displayed in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul, on the 8th after a buy-sidecar is triggered during a two-week truce between the United States and Iran. /Courtesy of News1

On the 8th, the KOSPI index is surging more than 6% intraday on news of a cease-fire between the United States and Iran.

As of 11:44 a.m. that day, the KOSPI index was up 329.47 points (6.00%) from the previous day at 5,824.25. In the Korea Exchange main board, institutional and foreign investors were net buyers of 3.1112 trillion won and 2.0506 trillion won in stocks, respectively. Only individuals sold a net 5.2004 trillion won.

Among large-cap stocks by market capitalization, SK hynix and Samsung Electronics are jumping 9.61% and 6.87%, respectively.

SK Square and Hyundai Motor also soared 13.43% and 7.19%. Elsewhere, Doosan Enerbility (5.69%), Kia (4.64%), and Samsung Biologics (1.01%) are also rising. In contrast, Hanwha Aerospace (-4.68%) and LG Energy Solution (-0.98%) are weak.

At the same time, the KOSDAQ index was trading at 1,081.63, up 44.90 points (4.33%) from the previous day. In the KOSDAQ market, institutional and foreign investors were net buyers of 379.1 billion won and 179.6 billion won, while individuals were net sellers of 538.3 billion won.

Among top KOSDAQ stocks by market cap, all are rising except Sam Chun Dang Pharm (-7.51%).

Rainbow Robotics jumped nearly 10%, and HLB (6.90%), Alteogen (5.93%), EcoPro (4.56%), LEENO Industrial (4.47%), ABL Bio (3.38%), EcoPro BM (3.23%), Peptron (3.06%), and Kolon TissueGene (2.63%) are strong.

In the Seoul foreign exchange market, the won-dollar rate is trading at 1,477.9 won per $1 as of the same time, down 23.1 won from the previous trading day.

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