The KOSPI index also started higher today, racing toward 8,000 points.
Despite inflation fears from rising international oil prices, expectations for growth in the semiconductor artificial intelligence (AI) industry have not faded, extending the upward trend.
On the 14th, the KOSPI index opened at 7,873.91, up 29.90 points (0.38%) from the previous trading day. Early in the session it climbed to 7,924.31, moving a step closer to the 8,000 level.
In the stock market, foreigners are net sellers of more than 900 billion won in KOSPI. Institutions are also net sellers of more than 70 billion won, while individuals are defending the rise with net purchases of more than 900 billion won.
The previous day, U.S. stocks were strongly driven by expectations for AI industry growth despite concerns about inflationary pressure from higher international oil prices. As investor sentiment for AI Semiconductor and large-cap tech stocks improved, it led gains across the market.
The Standard & Poor's (S&P 500) index and the Nasdaq index set record highs again after two days. The S&P 500 rose 0.58% to 7,444.25 from the previous day, and the Nasdaq Composite ended up 1.20% at 26,402.34. In contrast, the Dow Jones 30 Industrial Average finished down 0.14% at 49,693.20.
In particular, a rally centered on tech and semiconductor stocks continued. Nvidia (2.29%), Alphabet (3.94%), Apple (3.28%) and Tesla (2.73%) all closed higher.
In our market, SK hynix surpassed 2 million won in the premarket for the first time ever. SK hynix edged lower after the open, while Samsung Electronics is rising. LG Electronics is up more than 6%, and Naver and HD Hyundai Electric are up more than 5% and 4%, respectively.
The KOSDAQ index started trading at 1,187.02, up 10.09 points (0.86%) from the previous trading day (1,176.93).