KOSDAQ, Long Overlooked, Rose for the First Time in Six Sessions... KOSPI Takes a Breather [fn Market Close]

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[Financial News] The KOSDAQ, which had lagged behind the KOSPI, rebounded for the first time in six trading sessions on expectations of government stimulus measures.
\r\nOn the 4th, the KOSDAQ closed at 1,049.73, up 23.70 points, or 2.31%, from the previous session. It marked the first gain in six trading days since the 26th of last month.
Shares of semiconductor materials, parts and equipment companies surged, lifting the index. Jusung Engineering, WONIK IPS, EO Technics, Eugene Technology and PSK all jumped sharply.
Jin-hyuk Kang, a researcher at Shinhan Securities, analyzed that the market appeared to rebound technically on expectations of stimulus measures following the financial authorities' emergency meeting to boost the KOSDAQ, along with strength in the semiconductor materials, parts and equipment sector.
By contrast, the KOSPI took a breather. The benchmark closed at 8,639.41, down 162.08 points, or 1.84%, from the previous session.
Foreign investors posted net sales of 695.23 billion won, extending their selling streak to 19 consecutive trading sessions. Retail and institutional investors were net buyers, purchasing 501.54 billion won and 180.9 billion won, respectively.
Samsung Electronics, SK hynix, Hyundai Motor Company, Samsung Electro-Mechanics, LG Energy Solution and Samsung Life Insurance all fell. In contrast, SK Square and Samsung C&T Corporation advanced.
By sector, retail, medical and precision equipment, securities, chemicals, electricity and gas, and machinery and equipment rose. Telecommunications, IT services, electrical and electronics, insurance, manufacturing, and transportation equipment and parts declined.
Han Ji-young, a researcher at KIWOOM Securities Co., Ltd., said that the delay in signing an end-of-war memorandum of understanding between the United States and Iran, along with the two countries' attacks on each other's military bases and infrastructure, has left negotiations deadlocked. She added that domestic and external uncertainties will likely continue to drive stock market volatility in the short term.
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jisseo@fnnews.com Seo Min-ji Reporter