The KOSPI index broke through the 7,500 mark just after the open on the 7th, setting a new record high. The KOSDAQ index is showing weakness.
As of 9:04 a.m., the KOSPI index was at 7,513.00, up 128.44 points (1.74%) from the previous session. The KOSPI started the session at 7,499.07, up 114.51 points (1.55%) from the previous day.
Individual investors are leading the main board. Individuals are net buying 1.5696 trillion won, while foreigners and institutions are net selling 1.4955 trillion won and 91.8 billion won, respectively.
Eight of the top 10 stocks by market cap on the main board are rising. Samsung Electronics and SK hynix, as well as SK Square, Hyundai Motor, Doosan Enerbility, HD Hyundai Heavy Industries, and Samsung Electro-Mechanics are gaining. LG Energy Solution and Hanwha Aerospace are declining.
At the same time, the KOSDAQ index was at 1,206.75, down 0.28% (3.42 points) from the previous day.
Individual investors are also leading the KOSDAQ market. Individuals are net buying 42.8 billion won, while foreigners are net selling 30.1 billion won and institutions 8.8 billion won.
Top market-cap stocks on the KOSDAQ are mixed. Rainbow Robotics, Kolon TissueGene, ABL Bio, and LigaChem Biosciences are rising, while EcoPro, Alteogen, Sam Chun Dang Pharm, LEENO Industrial, and HLB are falling.
New York stocks closed higher overnight. In particular, the Standard & Poor's (S&P) 500 and the Nasdaq set a record high. Buying intensified on growing expectations that a deal to end the war between the United States and Iran is imminent.
The Dow Jones Industrial Average finished at 49,910.59, up 612.34 points (1.24%) from the previous session, and the S&P 500 ended at 7,365.10, up 105.88 points (1.46%). The Nasdaq closed at 25,838.94, up 512.82 points (2.02%) from the previous day.
According to foreign media reports, the United States and Iran are discussing the signing of a memorandum of understanding (MOU) to end the war. U.S. President Donald Trump, when asked in an interview whether a deal with Iran was imminent, said, "I think there is a very high possibility of reaching an agreement." He added that a deal with Iran could be reached before his planned visit to China on the 14th–15th.
On expectations that the Strait of Hormuz will soon be opened, West Texas Intermediate (WTI) crude fell below $100 a barrel.