KOSDAQ Soars 7% in a Day Like a Fire Pillar, Closes at Record High of 1,064.41

According to Financial News, both the Korea Composite Stock Price Index (KOSPI) and the Korea Securities Dealers Automated Quotations (KOSDAQ) 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 and went on to set a new record high.
The KOSPI closed at 4,949.59, down 40.48 points (0.81%) from the previous session. It had opened at 4,997.54, up 7.47 points (0.15%), and touched 5,023.76 at around 9:17 a.m., setting an intraday record high. After attempting to hold above the 5,000 level, it retreated to the 4,900 range.
Market participants interpreted the move as a pause for breath ahead of earnings announcements from SK hynix, Samsung Electronics, and Hyundai Motor scheduled for the 29th.
In the domestic main stock market, individual investors were net buyers of 1.715 trillion won, while institutions and foreign investors were net sellers of 1.5422 trillion won and 166.1 billion won, respectively. Among the top 14 stocks by market capitalization, Celltrion (up 1.42%), LG Energy Solution (up 0.97%), and Hanwha Aerospace (up 0.56%) finished higher.
In contrast, SK hynix (down 4.04%), HD Hyundai Heavy Industries (down 3.51%), Hyundai Motor (down 3.43%), and Samsung C&T (down 2.62%) ended the session lower.
Samsung Electronics, the largest stock by market capitalization, closed unchanged from the previous session at 152,100 won. The KOSDAQ index, meanwhile, not only settled firmly above the so-called "1,000 KOSDAQ" level but also broke its all-time record.
The index opened at 1,003.90, up 9.97 points (1.00%) from the previous day, and shot up like a rocket. It ended the day at 1,064.41, a gain of 70.48 points (7.09%). The session closed near the record intraday high of 1,064.44.
It was the first time in four years that the so-called intraday "1,000 KOSDAQ" level was surpassed, since January 6, 2022, when it reached 1,003.01 during trading. This is also the first time the index has closed above 1,000 on an end-of-day basis.
The KOSDAQ index surged right from the opening bell, and at around 9:59 a.m., a temporary suspension of program buy orders (sidecar) was triggered.
khj91@fnnews.com Kim Hyun-jung Reporter