In the 900,000-won SK hynix era, Korea Composite Stock Price Index (KOSPI) tops 5,300 for the first time after opening lower [fn Morning Market Brief]

[The Financial News] On the 30th, the Korea Composite Stock Price Index (KOSPI) opened lower but has continued its upward trend, breaking above 5,300 for the first time in history.
As of 10:20 a.m. that day, the KOSPI was at 5,313.77, up 1.77% from the previous session. The index opened at 5,210.35, down 0.21% from the prior close, and briefly slipped to 5,207.86, but quickly rebounded and climbed as high as 5,318.17, a gain of 1.86%.
In the KOSPI Market, individual investors are net-buying about 240 billion won, pushing the index higher. In contrast, foreigners and institutions are taking profits, with net sales of 162.8 billion won and 111.9 billion won, respectively.
Among large-cap stocks, SK hynix is surging 7.32% to 924,000 won. SK hynix has risen for four straight trading days since the 27th, and in early trading it climbed to 927,000 won, up 7.67%, marking a new all-time high.
By sector, securities (4.22%), electrical and electronics (3.87%), and telecommunications (3.26%) are strong. In contrast, construction (-3.31%), utilities such as electricity and gas (-2.80%), and transportation and warehousing (-1.85%) are weak.
At the same time, the KOSDAQ index was at 1,177.47, up 1.12% from the previous session.

elikim@fnnews.com Kim Mi-hee Reporter