On the 9th, the KOSPI index opened up 1% as foreign buying surged. In particular, foreign investors concentrated their purchases on major semiconductor stocks such as Samsung Electronics and SK hynix, driving the index higher.
As of 9:07 a.m. on that day, the KOSPI index recorded 2853.56, up 39.70 points (0.61%) from the previous day. The KOSPI index started that day at 2841.39, up 1.04%.
By investment subject, individuals sold 7.3 billion won, and institutions sold 43.4 billion won. Meanwhile, foreign investors are buying 53.1 billion won, driving up stock prices.
Among the top 10 market capitalization stocks, Samsung Electronics Preferred shares showed the largest increase at over 3%. SK hynix, Samsung Electronics, Hyundai Motor, Kia, and KB Financial are also showing strength. Hanwha Aerospace is seeing a decline of about 3%, and LG Energy Solution and HD Hyundai Heavy Industries are also weak.
At the same time, the KOSDAQ index is trading at 760.31, up 4.09 points (0.54%) from the previous day. The KOSDAQ index started the day at 759.38, up 0.42%. In the KOSDAQ market, individuals and institutions are net buying 2.3 billion won and 7.5 billion won, respectively. Foreigners are selling 6.6 billion won.
The KOSDAQ market capitalization top stocks are generally showing weakness. Peptron is showing strength at over 4%, and Rainbow Robotics is also seeing a slight rise. However, eight stocks including Alteogen, Ecopro BM, HLB, Ecopro, PharmaResearch, HUGEL, LigaChem Biosciences, and CLASSYS are showing a downward trend.
Last week, the U.S. stock market closed higher after employment data exceeded expectations. On the 6th (local time), the Dow Jones Industrial Average closed up 443.13 points (1.05%) at 42,762.87. The S&P 500 index rose by 61.06 points (1.03%) to close at 6,000.36, and the NASDAQ Composite index increased by 231.50 points (1.20%) to end at 19,529.95.
The U.S. Department of Labor announced that non-farm payrolls increased by 139,000 in May compared to the previous month. This figure surpassed the market expectation of 130,000.
However, as employment data shows improvement, opinions are gaining strength that the timing for interest rate cuts may be pushed back somewhat. According to the Chicago Mercantile Exchange (CME) FedWatch Tool, the federal funds futures market has raised the probability of a July rate freeze to 83.4%, up from 68.6% the day before, an increase of approximately 15 percentage points.
U.S. President Donald Trump is pressuring for interest rate cuts. President Trump said on his Truth Social account, "It would be a disaster if the Federal Reserve is late. A one percentage point cut in interest rates would be a boost to the economy."
On that day, in the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,361.3 won, down 1.4 won from the previous day.