U.S. President Donald Trump noted that he is not considering a temporary suspension of tariffs, but the domestic stock market showed signs of rising on the morning of the 8th. The KOSPI index has recovered to the 2360 level, and the KOSDAQ index is continuing to rise by about 2%. This is interpreted as an influx of bargain buying.
As of 11:13 a.m. on that day, the KOSPI index recorded a rise of 39.26 points (1.69%) compared to the previous trading day, standing at 2367.46. The KOSDAQ index is showing a rise of 16.99 points (2.61%), recording 668.29. Both the KOSPI and KOSDAQ indexes began to rise from the early part of the trading day.
The KOSPI market is being led by individual investors. Individuals are net buying 331.2 billion won, while foreigners and institutions are net selling 314.7 billion won and 61.2 billion won, respectively. The KOSDAQ market is experiencing continued buying pressure from institutional investors. Individuals are selling 15.1 billion won and foreigners are selling 36.8 billion won, while institutions are net buying 56.7 billion won.
The top stocks by market capitalization in the KOSDAQ market are generally rising. In particular, Hanwha Aerospace, which announced it would reduce the scale of its capital increase, is experiencing a rise of over 6%. Additionally, stocks such as Samsung Electronics, SK hynix, LG Energy Solution, Samsung Biologics, Hyundai Motor, Celltrion, and Kia are also on the rise.
The top stocks by market capitalization in the KOSDAQ market are also generally rising. Alteogen is showing a strong rise of over 8%. While Ecopro BM, HLB, Ecopro, Rainbow Robotics, HUGEL, and CLASSYS are rising, Sam Chun Dang Pharm is experiencing a decline of over 5%.
Last night, U.S. stocks experienced increased volatility due to reports that "Trump will suspend tariffs for 90 days on all countries except China," but the domestic stock market is showing signs of resilience. This is interpreted as the influx of bargain buying.
Han Ji-young, a researcher at Kiwoom Securities, analyzed that "today, the domestic stock market is expected to rebound, influenced by the influx of technical and bargain buying following the previous day's sharp drop, and the reduction of losses in the U.S. stock market, which had fluctuated during the day."
Meanwhile, in the Seoul foreign exchange market, the dollar-won exchange rate started at 1,469.5 won, up 1.7 won from the previous day's closing price at 3:30 p.m.