On relief that the cease-fire between the United States and Iran could continue as is, the KOSPI index was up in the 2% range on the morning of the 10th.
As of 9:04 a.m. that day, the KOSPI index was up 2.02% (116.92 points) from the previous day at 5,894.93. The KOSPI index opened the session at 5,876.12, up 1.70% (98.11 points) from the prior trading day.
The main board is being led by retail investors. Individuals are net buying 164.5 billion won, while foreigners and institutions are net selling 32.0 billion won and 138.8 billion won, respectively.
Top market-cap stocks on the main board are mostly higher. Samsung Electronics and SK hynix are up in the 2% and 3% ranges, while Hyundai Motor, SK Square, Hanwha Aerospace, Samsung Biologics, Doosan Enerbility, and Kia are also gaining. LG Energy Solution is weaker.
At the same time, the KOSDAQ index was up 10.53 points (0.98%) from the previous trading day at 1,086.53. The KOSDAQ index started at 1,089.14, up 13.14 points (1.22%).
On the KOSDAQ market as well, individuals are net buying 47.5 billion won, while foreigners and institutions are selling 20.8 billion won and 25.1 billion won, respectively.
Among top market-cap stocks on the KOSDAQ, moves are mixed. EcoPro, Rainbow Robotics, ABL Bio, and LigaChem Biosciences are rising, while Alteogen, Sam Chun Dang Pharm, Kolon TissueGene, and LEENO Industrial are also climbing.
Overnight, New York stocks ended higher. The Dow Jones Industrial Average rose 275.88 points (0.58%) to close at 48,185.80, the Standard & Poor's (S&P) 500 added 41.85 points (0.62%) to 6,824.66, and the Nasdaq composite jumped 187.42 points (0.83%) to 22,822.42.
This is seen as the result of strengthened optimism that the cease-fire could continue as is after the United States and Iran agreed to it on the 7th (local time).
On the 9th (local time), Israel proposed direct peace talks to the Lebanese government. Hopes that tensions on the Lebanon front—long seen as the biggest variable for a cease-fire—could ease boosted investor sentiment.
Meanwhile, in the Seoul foreign exchange market that day, the dollar-won exchange rate closed at 1,475.1 won, down 7.4 won from the previous closing price.