KOSPI 7,500 recovery and KOSDAQ 800 return, with semiconductors driving both
7 month 9 session, KOSDAQ returned in just one day from the 700 range to the 800 range, while KOSPI regained the 7,500 level as positive news related to SK hynix added support. The previous day, KOSPI had plunged 5.35% amid semiconductor selling, falling as far as the 7,200 level, but foreign and institutional bargain hunting prompted a partial rebound.
7 month 9 Korean stocks were highly volatile. KOSDAQ returned in just one day from the 700 range to the 800 range, while semiconductor materials, parts and equipment stocks lifted the index.
On the same day, KOSPI recovered the 7,500 level as issues related to SK hynix in the United States were viewed positively. However, the index recovery was driven by a concentration in certain sectors.
The previous day, 7 month 8 semiconductor selling sent KOSPI plunging 5.35%, pushing it down to the 7,200 level. The broad decline in semiconductor stocks was a major factor behind the sharp drop in the index.
The market also focused on geopolitical variables stemming from Iran. Reports continued to say that related news acted as a short-term source of anxiety.
7 month 9 day’s session saw a rebound in the % range on bargain buying by foreign investors and institutions. Samsung Electronics and SK hynix showed strength during the session.3% range rebound emerged. Samsung Electronics and SK hynix showed strength during the session.
Even as the KOSPI rose, some stocks posted steep declines. Reports said that one stock fell by around 16% during the period when the KOSPI was rising.
On the trading day, investor attention was focused on semiconductor-related supply and demand, corporate disclosures, and geopolitical news. Related disclosures and supply-and-demand trends continued to draw attention even after the market close.
In summary, the sharp decline on 7 month 8 day and the rebound on 7 month 9 day occurred simultaneously, with semiconductors leading the index movement. Foreign and institutional trading and geopolitical risks will act as variables in the future trend.