KOSDAQ Breaks Above 1,060 for the First Time Ever [Financial News Afternoon Market Report]

[Financial News] The Korea Composite Stock Price Index (KOSPI) and the Korea Securities Dealers Automated Quotations (KOSDAQ) both hit all-time highs on the 26th. The KOSDAQ index broke through the 1,000 mark at the opening for the first time in four years, setting a new record high.
As of 2:20 p.m., the KOSPI was trading at 4,948.71, down 41.36 points (0.83%) from the previous session. The index opened at 4,997.54, up 7.47 points (0.15%), but later turned lower.
Around 9:17 a.m., the KOSPI touched 5,023.76, renewing its all-time intraday high. It then attempted to firmly hold above the 5,000 level, but is now taking a breather around the 4,900 range.
In the domestic main stock market, individual investors are net buying about 1.8386 trillion won. Foreign investors and institutions are net selling roughly 711.9 billion won and 1.1128 trillion won, respectively.
Among the top 14 stocks by market capitalization, KB Financial Group (0.96%), Celltrion (0.71%), Hanwha Aerospace (0.48%), and Samsung Biologics (0.06%) are showing modest gains.
In contrast, HD Hyundai Heavy Industries (-4.15%), Hyundai Motor Company (-3.82%), Samsung C&T (-3.27%), and SK hynix (-3.26%) are declining. Market-cap leader Samsung Electronics is trading at 151,800 won, down 0.20% from the previous session.
The KOSDAQ index is trading at 1,054.30, up 60.37 points (6.07%) from the previous day.
The index opened at 1,003.90, up 9.97 points (1.00%). This is the first time during intraday trading that the so-called "1,000-daq" level has been surpassed since January 6, 2022, when it reached 1,003.01.
The KOSDAQ index has surged past the 1,060 level and is now eyeing 1,070.
As the KOSDAQ index spiked, a temporary suspension of program buy orders, known as a sidecar, was triggered at around 9:59 a.m.
khj91@fnnews.com Reporter Kim Hyun-jung Reporter