'Apple's Favorable News' Drives KOSPI... Nearly 1% Rise, Recovery to 3220 Level [fn Closing Market]

[Financial News] KOSPI successfully recovered to the 3220 level, driven by institutional net buying. Amid the announcement of Apple's $100 billion investment plan in the US overnight, Samsung Electronics announced that it would produce Apple's next-generation chips, leading to a strong performance centered on semiconductor stocks. On the 7th, according to the Korea Exchange, the KOSPI index closed at 3227.68, up 29.54p (0.92%) from the previous trading day. The index started at 3214.81, up 0.52% from the previous session, and fluctuated around the 3210 level in the afternoon before closing nearly 1% higher.
In the stock market, individuals net sold 200 billion won, and foreigners net sold 15 billion won, while institutions net bought 120.3 billion won, pushing the index up. Foreigners also net bought 153.3 billion won in KOSPI200 futures.
By sector, entertainment and culture (4.48%) and IT services (4.36%) rose, while pharmaceuticals (-1.17%), telecommunications (-0.76%), and non-metals (-0.43%) fell.
Among the top market cap stocks, Samsung Electronics (2.18%), SK Hynix (1.16%), and LG Energy Solution (0.78%) rose, while Samsung Biologics (-0.68%), Hanwha Aerospace (-0.85%), and KB Financial (-0.78%) fell.
Overnight, the US stock market closed higher amid expectations of a rate cut as dovish remarks from Federal Reserve officials continued. The Nasdaq Composite Index rose 1.21%, and the S&P 500 Index also rose 0.73%, with major indices rising.
In particular, as Apple announced a $100 billion investment plan in the US, the US stock market continued to be strong, centered on technology stocks. In the midst of this, Samsung Electronics announced that it would produce Apple's next-generation chips at its US foundry, leading to a strong performance in semiconductor stocks centered on Samsung Electronics.
Lee Jaewon, a researcher at Shinhan Investment Corp, said, "On this day, the domestic stock market lacked a clear net buying entity, and the trading volume of both markets was less than 10 trillion won until the morning," adding, "The Korean government stated that 'Samsung Electronics and SK Hynix are exempt from the semiconductor tariff mentioned by Trump,' raising related expectations and boosting semiconductor stocks on this day."
On this day, the KOSDAQ index closed at 805.81, up 2.32p (0.29%) from the previous session. The index opened at 805.27, up 0.22% from the previous session.
In the KOSDAQ market, individuals net bought 99.9 billion won alone, while foreigners and institutions net sold 55.1 billion won and 27.7 billion won, respectively.

nodelay@fnnews.com Park Jiyeon Reporter