KOSPI fluctuates around the 8,300 level as semiconductor giants dominate; KOSDAQ falls 3% [Afternoon Market Update]

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\r\n[Financial News] KOSPI (Korea Composite Stock Price Index) surged past the 8,450 level intraday on the 27th, driven by record-breaking rallies in semiconductor heavyweights such as Samsung Electronics and SK hynix. In contrast, KOSDAQ fell by more than 3% as foreign investors and institutions sold in tandem.
\r\nAs of 2:10 p.m. that day, KOSPI was up 3.41% from the previous session at 8,321.56. The index opened 2.42% higher at 8,242.12, then at one point jumped as much as 5.09% to 8,457.09, breaking above the 8,400 mark for the first time ever.
A buy-side circuit breaker was triggered early in the session as the index rose sharply. The KOSPI 200 Volatility Index was up 5.24% from the previous day at 71.66.
By investor group, foreigners were net sellers of about 75.7 billion won, extending their selling streak to 14 consecutive trading days. In contrast, retail investors and institutions bought 89.8 billion won and 147.9 billion won worth of shares, respectively, helping support the index.
Among the largest-cap stocks, Samsung Electronics at one point rose 8.03% to 323,000 won, setting a new all-time high. It was last trading 5.10% higher at 314,250 won. SK hynix also surged to 2,358,000 won intraday, up 14.91%, before easing to 2,298,000 won, still up 11.99%.
By sector, only electricity and electronics, up 7.12%, and manufacturing, up 5.01%, were in positive territory. Construction, down 5.60%, and medical and precision instruments, down 5.32%, were both weaker by more than 5%.
At the same time, KOSDAQ was down 3.36% from the previous session at 1,133.18, moving in a completely different direction from KOSPI. In the KOSDAQ market, foreigners and institutions were net sellers of 178.3 billion won and 410.3 billion won, respectively, dragging the index lower, while retail investors alone were net buyers of 596.5 billion won.
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elikim@fnnews.com Kim Mi-hee Reporter