Korea Composite Stock Price Index (KOSPI) Reclaims 4,100 Mark During Session After Five Days, Driven by Semiconductor Stocks

[Financial News] The Korea Composite Stock Price Index (KOSPI) rebounded above the 4,100 level during intraday trading for the first time in five sessions, buoyed by strong performances from semiconductor stocks.
As of 10:30 a.m. on the 22nd, the KOSPI was trading at 4,090.40, up 69.85 points (1.74%) from the previous session. The index opened at 4,096.26, a 1.88% increase, and climbed as high as 4,104.39 during the session, breaking through the 4,100 mark for the first time in five trading days.
In the KOSPI Market, foreign investors purchased 408.6 billion won and institutions bought 965.9 billion won. Meanwhile, individual investors sold 1.3556 trillion won, apparently taking profits.
By sector, electrical and electronics (up 3.29%), metals (up 2.32%), and medical and precision devices (up 2.21%) rose, while distribution (down 1.26%) and textiles and apparel (down 0.91%) declined.
Among large-cap stocks, Samsung Electronics (up 3.06%), SK hynix (up 5.03%), and LG Energy Solution (up 1.91%) advanced, while Samsung Biologics (down 0.23%) and HD Hyundai Heavy Industries (down 1.15%) fell.
On the 19th (local time), the U.S. stock market closed higher, buoyed by a record high from Micron Technology, positive expectations for Nvidia's H200 sales to China, and news that Oracle had finalized a contract with TikTok's U.S. subsidiary, fueling overall optimism for AI-related stocks.
Han Ji-young, a researcher at KIWOOM Securities, stated, "Micron Technology's earnings, which delivered a super surprise late last week, and the November Consumer Price Index (CPI), which did not exacerbate inflation uncertainty, are helping to shift the previously negative market sentiment." Han also noted, "Domestically, the increase in demand for dividend investments ahead of the record date on the 26th is another point to watch."
At the same time, the Korea Securities Dealers Automated Quotations (KOSDAQ) index was trading at 927.97, up 12.70 points (1.39%) from the previous session.
In the KOSDAQ market, individual investors made net purchases of 107.3 billion won, while institutions bought 4.2 billion won. Foreign investors sold 23.2 billion won.

nodelay@fnnews.com Park Ji-yeon Reporter