KOSPI closes at 7,384.56 on foreign net buying of 3 trillion won; Samsung Electronics and SK hynix surge more than 10% [fn market close]

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\r\n[Financial News] The KOSPI Composite Index closed above 7,300 for the first time ever on the 6th, lifted by more than 3 trillion won in net buying from foreign investors. Samsung Electronics and SK hynix led the rally with gains of more than 10%.
The KOSPI Composite Index finished the session at 7,384.56, up 447.57 points, or 6.45%, from the previous trading day. It marked a record closing high. The index opened at 7,093.01, up 156.02 points, or 2.25%, from the previous session, and later climbed as high as 7,426.60 in the afternoon to set a new intraday record.
In the main board market, foreign investors drove the index higher with net purchases of 318.78 billion won. Institutions and retail investors posted net sales of 230.52 billion won and 63.13 billion won, respectively.
By sector, securities rose 13.49%, followed by electric and electronics at 10.97%, manufacturing at 7.64%, insurance at 6.48%, distribution at 6.35%, and finance at 4.15%. Real estate fell 4.13%, while leisure and culture dropped 3.78%, general services 2.97%, telecommunications 2.74%, paper and wood 2.65%, and nonmetals 2.37%.
Among the largest-cap stocks, Samsung Electronics and SK hynix closed up 14.41% and 10.64%, respectively, leading the market higher. Other gainers included SK Square, up 9.89%; LG Energy Solution, up 2.12%; Hyundai Motor Company, up 2.04%; Samsung C&T Corporation, up 17.34%; Kia Corporation, up 0.39%; and Samsung Life Insurance, up 12.45%. On the other hand, Doosan Enerbility fell 0.16%, Hanwha Aerospace 2.18%, Samsung Biologics 0.34%, Samsung Electro-Mechanics 0.65%, and HD Hyundai Heavy Industries 4.71%.
The rally appears to have been driven by a continued optimism over the artificial intelligence (AI) industry and a large inflow of foreign capital into the domestic stock market.
Lim Jeong-eun, a researcher at KB Securities, said, "AMD posted an earnings surprise, and the semiconductor tailwind spread to Korea. In particular, foreign buying was concentrated in large-cap stocks." She added, "The KRX securities index also rose 13.49% that day, showing continued strength. Expectations for the foreign integrated account service and improved earnings prospects amid a surge in trading value were also at work."
KOSDAQ closed at 1,210.17, down 3.57 points, or 0.29%, from the previous session. It had opened at 1,220.90, up 7.16 points, or 0.59%, before reversing course.
On KOSDAQ, retail investors were the only net buyers, purchasing 609.4 billion won. Institutions and foreign investors posted net sales of 543.8 billion won and 62.8 billion won, respectively.
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yimsh0214@fnnews.com Lim Sang-hyeok Reporter