"This is why we invest in KOSPI"... Samsung Electronics back above 300,000 won, SK hynix back above 2 million won [Morning Market]

[Financial News] As global semiconductor stocks, including Micron, rebounded sharply on the New York stock market overnight, the domestic market is also gaining momentum on the 9th. The KOSPI, which plunged the previous day, is recovering part of its early losses. However, volatility remains elevated, with a buy-side sidecar being triggered intraday. According to the Korea Exchange (KRX), the KOSPI was up 3.02% from the previous session at 7,714.65 as of 9:35 a.m. The index opened at 7,697.76, up 213.35 points, or 2.85%, and quickly widened its gains. At 9:12 a.m., a temporary suspension of program buy orders, or sidecar, was also triggered in the KOSPI market. That came one day after sell-side sidecars and circuit breaker mechanisms were activated in the KOSPI and KOSDAQ markets.
The move reflects the sharp overnight gains in U.S. semiconductor stocks. With this rebound, semiconductor shares have recovered part of last week's losses. Micron rose 10%, NVIDIA gained 1.7%, and Broadcom Inc. advanced 2.8%. The Philadelphia Semiconductor Index (SOX) climbed 6%.
Individual investors are net buyers, purchasing 499.3 billion won worth of shares on their own. Foreign investors and institutions are net sellers, offloading 445.7 billion won and 60.1 billion won worth of shares, respectively. Foreign investors have been net sellers for 22 consecutive trading days.
Among the KOSPI's largest companies by market capitalization, Samsung Electronics Co., Ltd. is up in the 3% range, while SK hynix is rising in the 5% range. Samsung Electronics has climbed back above 300,000 won, and SK hynix has returned to the 2 million won level.
The KOSDAQ was up 4.03% from the previous day at 948.11 at the same time. It opened at 937.69, up 26.30 points, or 2.89%. At the moment, individual investors are net sellers of 72.1 billion won worth of shares, while foreign investors and institutions are net buyers of 60.4 billion won and 9.5 billion won worth of shares, respectively.
fair@fnnews.com Han Young-jun Reporter