KOSPI Composite Index Jumps Over 3% on Hopes for Renewed US–Iran Talks [Morning Market Briefing]

According to The Financial News, the KOSPI Composite Index is up more than 3% in early trading as expectations grow that the United States and Iran, which have been in a 22-week truce, may resume negotiations. Strong earnings expectations are lifting major semiconductor stocks, which are surging and adding momentum to the index’s rise.
The Korea Exchange (KRX) reported that on the morning of the 14th, the KOSPI Composite Index opened at 2,960.00, up 2.61% from the previous session. At one point during the session, the index briefly climbed above the 6,000 mark for the first time in 30 trading days, touching an intraday high of 6,003.80.
On the KOSPI Composite Index, foreign investors and institutions were net buyers of 439.1 billion won and 586.1 billion won, respectively, while individual investors were net sellers of 1.0882 trillion won.
By sector, securities (up 6.24%), utilities including electricity and gas (up 4.63%), and electrical and electronics (up 4.26%) are strong. Paper and wood (down 0.64%), food, beverages and tobacco (down 0.19%), and entertainment and culture (down 0.02%) are weaker.
Among large-cap stocks by market capitalization, Mirae Asset Securities is up 10.87%, SK Square is up 8.45%, and SK hynix is up 7.40%. In contrast, Hanwha Aerospace is down 1.44%, Samsung SDI is down 0.52%, and KB Financial Group is down 0.13%.
Boosted by expectations for strong first-quarter earnings this year, SK hynix at one point gained about 8%. The stock opened at 1.07 million won and climbed as high as 1.128 million won, setting a new record high.
At the same time, the KOSDAQ market was trading at 1,122.87, up 23.03 points, or 2.09%, from the previous session. Institutional investors were net buyers of 26.5 billion won, while individuals and foreign investors were net sellers of 41.8 billion won and 4.5 billion won, respectively.


koreanbae@fnnews.com Bae Han-geul Reporter