KOSPI Gains 3% on Strong Buying by Foreign Investors and Institutions...Battle Over the 8,100 Level [fn Morning Market Update]

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[Financial News] KOSPI is locked in a tug-of-war around the 8,100 level, supported by joint buying from foreign investors and institutions. Risk appetite has improved on news of progress in ceasefire talks between the United States and Iran, lifting large-cap stocks across the market.
According to the Korea Exchange (KRX) on the 26th, KOSPI was trading at 8,083.50 at 11:27 a.m., up 235.79 points, or 3.00%, from the previous session. The index opened at 8,070.91, up 2.84% from the previous day, and later extended its gains to touch 8,131.15, up 3.61%.
On the KOSPI Market, foreign investors and institutions bought a net 776 billion won and 852.9 billion won, respectively, while individual investors sold a net 1.5349 trillion won. It was the first time in 13 trading sessions that foreign investors turned to net buying in KOSPI.
By sector, electricity and electronics rose 4.49%, transportation equipment and parts gained 3.84%, and manufacturing advanced 3.92%. In contrast, textiles and apparel fell 2.85%, insurance dropped 2.63%, and food, beverages and tobacco declined 2.34%.
Among the largest-cap stocks, major semiconductor names are leading the gains. SK hynix rose 5.36%, Samsung Electronics climbed 2.31%, and Samsung Electro-Mechanics, which is being revalued as a key supplier of AI infrastructure components, surged 16.57%. On the other hand, Samsung Life Insurance fell 4.39%, Shinhan Financial Group dropped 2.14%, and Samsung SDI lost 1.55%.
At the same time, KOSDAQ was trading at 1,179.66, up 18.53 points, or 1.6%, from the previous session. Individual investors and institutions were net buyers of 25.9 billion won and 26.7 billion won, respectively, while foreign investors were net sellers of 14.7 billion won.
Brokerage analysts say easing macroeconomic uncertainty is behind the market's rise. Jin-hyuk Kang, a researcher at Shinhan Securities, explained, "News that the ceasefire between the United States and Iran will be extended by 60 days, along with an imminent agreement on Iran-related sanctions, has stabilized oil prices and interest rates, while Asian markets such as Japan and Taiwan have hit record highs." He added, "KOSDAQ is also being supported by continued strength in large-cap stocks such as secondary batteries and biotech."
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koreanbae@fnnews.com Bae Han-geul Reporter