KOSDAQ 4% surge, Alteogen 8% and Wonik IPS 10% higher
10On the day, KOSDAQ 4% higher, showing strength. Alteogen rose 8%, while Wonik IPS surged 10%. The KOSPI also continued its upward trend on strength in major semiconductor stocks, and a Korean-American biotech company was reportedly pursuing a KOSDAQ listing.4It was reported that a Korean-American biotech company was pursuing a KOSDAQ listing.
10On the day, KOSDAQ 4% higher, showing a strong upward trend. The sharp rise in the index that day widened the range of gains and losses among individual stocks.
Alteogen led the KOSDAQ's strength, rising 8%. Wonik IPS surged 10%.
KOSDAQ opened at 807.00in early trading. The index then widened its intraday gains, ultimately closing up in the 4% range.
9In the KOSPI session, SK hynix 6% and Samsung Electronics rose 4%. Strength in large-cap semiconductor stocks contributed to the index’s rise.
Signs of incoming foreign buying were observed. Some reports said that foreign buying and sharp gains in individual stocks occurred simultaneously.
Bank stocks showed relative strength in the volatile market. Defensive demand appeared to flow in temporarily amid heightened volatility.
Korean-American biotech companies 4are pursuing KOSDAQ listings. News of these companies pursuing listings attracted investor interest.
Intraday volatility continued amid changes in trading value and the liquidity of individual stocks. Investors need to pay attention to short-term price fluctuations.