KOSPI Fluctuates Around 4,010 Mark on Foreign Net Buying... KOSDAQ Touches 900 Level [fn Afternoon Market Brief]

As major domestic stocks such as semiconductors and shipbuilding rebounded in tandem, the Korea Composite Stock Price Index (KOSPI) continued its upward trend around the 4,010 mark. The Korean Securities Dealers Automated Quotations (KOSDAQ) index also showed strength, touching the 900 level intraday for the first time in a year and six months.
As of 1:30 p.m. on the 27th, the KOSPI was trading at 4,019.33, up 77.74 points (1.97%) from the previous session. The index started the day at the 3,999 level and surpassed 4,000 shortly after the market opened. Early in the session, it climbed as high as 4,038.39, breaking through the 4,030 mark.
The KOSPI last closed above 3,000 on June 20 at 3,021.84, marking the first time in four years and two months since 2021. Now, it has surpassed the 4,000 level in about four months.
In the main stock market, foreign investors and institutions made net purchases of 318.8 billion KRW and 9.7 billion KRW, respectively. Individual investors sold 219.1 billion KRW worth of shares, realizing profits.
By sector, entertainment & culture (4.64%), securities (3.08%), pharmaceuticals (2.59%), and construction (2.37%) rose, while metals (-2.03%), electricity & gas (-1.19%), insurance (-0.59%), and food, beverage & tobacco (-0.51%) declined.
Among the top market cap stocks, Samsung Electronics (2.63%), SK hynix (3.14%), Samsung Biologics (1.87%), and HD Hyundai Heavy Industries (4.71%) mostly showed strength. Only LG Energy Solution fell by 0.51%.
Last week, U.S. stock markets closed higher as risk appetite returned due to a lower-than-expected consumer price index. Additionally, Alphabet announced a contract with Anthropic to use Google’s Tensor Processing Units (TPUs), raising expectations for AI semiconductor performance.
On this day, the domestic stock market broke through the 4,000 level, supported by eased concerns over trade negotiations, expectations for earnings and interest rate cuts, and progress in discussions on mandatory treasury stock cancellation.
U.S. President Donald Trump embarked on an Asia tour on the 25th (local time), mentioning that trade negotiations with South Korea are nearing completion. Attention is focused on whether major announcements will be made at the summit scheduled from the 29th of this month to the 1st of next month.
Jaewon Lee, a researcher at Shinhan Securities, stated, "This week, major big tech companies such as SK hynix, Microsoft, Amazon, and Apple are scheduled to announce their earnings. Shipbuilding and nuclear power, among other key domestic sectors, are emerging as negotiation cards at the summit, serving as upward momentum."
At the same time, the KOSDAQ index was trading at 898.06, up 14.98 points (1.70%) from the previous session. It rose as high as 900.96 during the session, surpassing the 900 mark for the first time in about a year and six months since April 1 last year (912.45).
In the KOSDAQ market, foreign investors and institutions bought 155 billion KRW and 44.2 billion KRW worth of shares, respectively. Individual investors sold 198.5 billion KRW, realizing profits.

nodelay@fnnews.com Park Ji-yeon Reporter