KOSPI Breaks Through 7,400, With Samsung Electronics at 270,000 Won and SK hynix at 1.62 Million Won [Afternoon Market Update]

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\r\n[Financial News] The KOSPI Composite Index extended its rally on the 6th, breaking through the 7,400 level. Samsung Electronics and SK hynix also renewed their intraday record highs, continuing their upward momentum.
As of 1:50 p.m., the KOSPI Composite Index was trading at 7,394.07, up 457.08 points, or 6.59%, from the previous session. It opened at 7,093.01, up 156.02 points, or 2.25%, from the prior close, and later climbed as high as 7,426.60 in the afternoon to set a new record.
On the Korea Exchange Main Board, foreign investors were net buyers of 188.85 billion won. In contrast, retail investors and institutions were net sellers of 91.39 billion won and 76.84 billion won, respectively.
By sector, securities stocks rose 14.30%, followed by electrical and electronic equipment at 10.89%, insurance at 8.06%, manufacturing at 7.64%, retail at 6.79%, finance at 4.63%, and metals at 1.58%. Real estate fell 3.67%, while leisure and culture dropped 3.61%, paper and wood 2.43%, nonmetals 2.40%, and telecommunications 2.12%.
Among the largest companies by market capitalization, Samsung Electronics and SK hynix each hit intraday highs of 270,000 won and 1.62 million won, respectively. The stocks were up 14.41% and 10.57% at the time.
Other strong performers included SK Square, up 8.78%; Hyundai Motor, up 2.23%; LG Energy Solution, up 2.12%; Samsung C&T, up 17.97%; and Samsung Life Insurance, up 15.09%. Doosan Enerbility fell 0.24%, Hanwha Aerospace 1.50%, HD Hyundai Heavy Industries 3.82%, and Samsung Biologics 0.34%.
At the same time, the KOSDAQ was trading at 1,201.92, down 11.82 points, or 0.97%, from the previous close. It opened at 1,220.90, up 7.16 points, or 0.59%, from the prior session, before reversing course.
On the KOSDAQ, retail investors alone were net buyers of 60.04 billion won. Institutions and foreign investors were net sellers of 49.55 billion won and 10.01 billion won, respectively.
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yimsh0214@fnnews.com Lim Sang-hyuk Reporter