The KOSPI index set another record high on the 1st. It jumped more than 1% right after the open and broke through the 8,500 level.
As of 9:18 a.m. that day, the KOSPI index was up 1.21% (102.66 points) from the previous trading day at 8,578.81 points. The KOSPI started the day at 8,485.67, up 9.52 points (0.11%), and immediately broke through the 8,500 level.
The main board is being led by individuals and institutions. Individuals are net buyers of 694.1 billion won and institutions 414.4 billion won, while foreigners are net sellers of 1.0975 trillion won.
Six of the top 10 companies by market cap on the main board are rising. Samsung Electronics, Hyundai Motor, Samsung Life Insurance, HD Hyundai Heavy Industries, and Samsung C&T are up, while SK hynix, SK Square, Samsung Electro-Mechanics, and LG Energy Solution are down.
At the same time, the KOSDAQ index was down 1.12% (12.02 points) from the previous day at 1,062.78. The KOSDAQ started the day at 1,072.77, down 0.19% from the previous day.
On the KOSDAQ, foreigners and institutions are net buyers, while individuals are net sellers of 247.4 billion won; foreigners are net buyers of 241.5 billion won and institutions 11.4 billion won.
Top KOSDAQ market-cap stocks are mixed. Six of the top 10 by market cap are falling. While Alteogen, Rainbow Robotics, LEENO Industrial, and HLB are rising, EcoPro BM, EcoPro, Jusung Engineering, Kolon TissueGene, Sam Chun Dang Pharm, and Peptron are falling.
Even though a tentative agreement on a draft memorandum of understanding (MOU) for ending the war between the United States and Iran has not been reached, Korea's stock market is showing strength.
On the 30th (local time), a New York Times (NYT) report said U.S. President Donald Trump did not approve the draft MOU.
With U.S. and Iranian officials tentatively agreeing to the end-of-war MOU, the two countries had only their respective final approval procedures left, but President Trump effectively rejected it and put on the brakes. Trump has toughened the terms of the tentative agreement contained in the end-of-war MOU and is said to have sent the document reflecting the related revisions back to Iran. Local reports say Iran is also expected to present a new amendment.