KOSPI, buoyed by semiconductor tailwinds, 2% higher to reclaim the 7,400-point level
The KOSPI rose 2% in early trading on strength in U.S. semiconductor stocks and reclaimed the 7,400-point level. Samsung Electronics and SK Hynix were up by more than 3% in early trading, and Hana Bank announced financial support worth 1,000billion won for materials, parts and equipment companies. A Japanese materials, parts and equipment ETF posted a one-year return of 1%.105.
The KOSPI rose 2% in early trading and reclaimed the 7,400-point level. Strength in U.S. semiconductor stocks was cited as the background.
Samsung Electronics(005930.KS) and SK Hynix(000660.KS) showed gains of more than 3% in early trading.
Stocks related to semiconductor materials, parts and equipment rose across the board. News of sharp stock gains in the related sector continued to follow.
Japan-focused ETFs that concentrate on components, materials, and equipment have recently posted 1-year returns of 105%. The ETF’s gains have drawn domestic investor interest.
KB Asset Management proposed the 'RISE China AI Semiconductor TOP4Plus ETF.' The ETF’s recent 3-month return was 74%.
Hana Bank said it will provide financial support worth 1,000billion won for semiconductor components, materials, and equipment companies. The bank said it will disclose the recipients in stages.
Today’s key developments were the announcement of ETF performance, the bank’s notice of financial support, and strength in the share prices of major memory stocks. Related disclosures and company-specific announcements are continuing.
Investors need to check each asset manager’s disclosure, the bank’s disclosure of support recipients, and individual companies’ earnings announcements.