The KOSPI index was fluctuating around the 7,070 level on the 22nd morning, supported by net buying by foreigners.

The KOSPI opens higher and regains the 7,000 level, with the board in the Hana Bank dealing room in Jung-gu, Seoul, showing 7,125.38, up 377.43 points (5.59%) from the previous session on the morning of the 22nd. /Courtesy of News1

As of 11:45 a.m. that day, the KOSPI index was holding at 7,074.07, up 326.12 points (4.83%) from the previous trading day.

The main board is being led by foreign buying. While foreigners are net buyers of 1.9557 trillion won, individuals are net sellers of 1.6804 trillion won and institutions are net sellers of 261.3 billion won.

All large-cap stocks on the main board are rising. Samsung Electronics(005930) and SK hynix(000660) are up about 4% and 6%, respectively, and SK Square, Samsung Electro-Mechanics, Hyundai Motor, LG Energy Solution, Samsung Life Insurance, Samsung Biologics, KB Financial Group and others are also climbing.

At the same time, the KOSDAQ index was at 770.63, up 17.29 points (2.30%) from the previous day.

The KOSDAQ market is being led by individuals. While individuals are net buyers of 228.4 billion won, foreigners are net sellers of 122.6 billion won and institutions are net sellers of 105.2 billion won.

Eight of the top 10 KOSDAQ market cap stocks are rising. Led by Alteogen, EcoPro BM, EcoPro, Rainbow Robotics, Wonik IPS, LEENO Industrial, EO Technics and ABL Bio are gaining, while Jusung Engineering and PSK are falling.

Han Ji-young of Kiwoom Securities said, "Despite the burden of rising oil prices due to Middle East–driven uncertainty, the rally is supported by a simultaneous surge in U.S. semiconductor stocks, strong 4.0%-range gains in KOSPI 200 overnight futures, and expectations for the second-quarter earnings season."

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