KOSPI, after fluctuating by 480 points intraday, 0.62% higher, 7,291.91 at the close
9KOSPI on the day showed intraday volatility of about 480 points before closing 0.62% higher at 7,291.91. It surged to 7,543.86 early in the session but fell to 7,063.76 in the afternoon, while weakness in Samsung Electronics, geopolitical uncertainty in the Middle East and the performance of U.S. technology stocks intersected.
KOSPI closed 9% higher at 0.62 after extreme intraday volatility on the day. The index’s swings made it an important day for investors, as large-cap stocks and the semiconductor sector had a major influence on the index’s performance.7,291.91The index’s swings made it an important day for investors, as large-cap stocks and the semiconductor sector had a major influence on the index’s performance.
The index showed intraday fluctuations of about 480 points. Early in the session, it also surged to 7,543.86.
In the afternoon, gains were surrendered and it fell to 7,063.76. Intraday trading continued to show a wide range of gains and losses that day.
The semiconductor sector moved to support the index in the morning session. However, among the large-cap stocks, Samsung Electronics turned weaker in the afternoon.
The KOSDAQ index finished the session 9.00points, 1.15% higher than in the previous trading session. Small- and mid-cap stocks showed a generally mixed trend on the KOSDAQ.
The strong rebound early in the session was attributed to the inflow of bargain-hunting buying on perceptions that stocks were undervalued. Meanwhile, geopolitical uncertainty stemming from the Middle East weighed on trading throughout the session.
The rebound in U.S. technology stocks in the morning contributed in part to buying in the South Korean stock market during the morning session. The afternoon shift to declines appears to have resulted from the combination of movements in domestic large-cap stocks and external uncertainty.
Sources: 연합인포맥스
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