KOSPI Jumps 2% as Samsung Electronics Surges 3.45% on AI Demand
KOSPI gained 2.20% at the open, driven by semiconductor strength and a stronger won.
Key points
- KOSPI opened up 2.20% at 7,161.61 points as the won strengthened to 1,371.7 per dollar.
- Samsung Electronics rose 3.45% to 270,000 won, leading the rebound on AI demand expectations.
- Foreigners net sold 257 billion won while retail investors net bought 156.8 billion won.
The KOSPI index opened at 7,161.61 points, marking a 2.20% gain from the previous session. This sharp rebound occurred as the won strengthened to 1,371.7 per dollar, improving sentiment for risk assets.
Large-cap semiconductor stocks led the charge, with Samsung Electronics rising 3.45% to 270,000 won. Investors cited sustained global AI demand as the primary catalyst for this price movement.
Investor flows diverge on semiconductor gains
Foreign investors sold a net 257 billion won, taking profits after recent price increases. Retail investors bought a net 156.8 billion won, targeting bargain opportunities in tech sectors.
Institutions added 26.7 billion won, focusing on blue-chip financial and investment stocks. Corporate buybacks also contributed over 70 billion won in net buying to support prices.
Semiconductor leaders drive index performance
SK Hynix traded at 1,873,000 won, up 0.86% despite leading the HBM market. The stock consolidated gains after a strong overnight rally in US semiconductor names.
The KOSDAQ index opened 1.18% higher, supported by buying in high-tech stocks. Businesskorea reported that this technical strength helped stabilize the broader domestic market.
