On the 11th, the KOSPI index started higher as positive sentiment from the U.S.-China negotiations on the second day added to the market. Amid the ongoing 'honeymoon rally' of the new government, it is closely chasing the previous high of 2896.43.
As of 9:12 a.m. that day, the KOSPI index recorded 2883.09, up 11.24 points (0.39%) from the previous day. At the same time, the KOSDAQ index rose 6.81 points (0.88%) to 778.01.
In the securities market, individuals led the index rise with a net purchase of 875 million won. Institutions and foreigners showed a selling advantage of 709 million won and 154 million won, respectively.
The top stocks by market capitalization in the KOSPI are mixed. Samsung Electronics and SK hynix stocks are strong. The rise in the price of Nvidia, the leader in artificial intelligence (AI) semiconductors, overnight was influenced by expectations of a potential easing of U.S. export restrictions to China. Additionally, stocks of Hyundai Motor, Kia, and LG Energy Solution are also strong, while Hanwha Aerospace and HD Hyundai Heavy Industries stocks are on the decline.
At the same time, in the KOSDAQ market, only individuals initiated a buying spree worth 456 million won. Institutions and foreigners are engaged in net selling worth 327 million won and 104 million won, respectively.
Red lights are on for the top stocks by market capitalization in the KOSDAQ market. Alteogen, ECOPRO BM, Ecopro, PharmaResearch, HUGEL, and Sam Chun Dang Pharm are trading at higher prices compared to the previous day.
That day, in the Seoul foreign exchange market, the won-dollar exchange rate was trading at 1365.00, down 2.3 won from the previous day.
Overnight, the New York Stock Exchange, entering the second day of U.S.-China trade negotiations, closed higher with optimistic results expected. Howard Lutnick, the U.S. Secretary of Commerce, noted that the negotiations are "going very smoothly" and that "all participants are focusing their time and efforts on cooperation."
The Standard & Poor's (S&P) 500 index closed at 6038.81, up 32.93 points (0.55%) from the previous trading day. The Nasdaq and Dow Jones Industrial Average also closed up 0.63% and 0.25%, respectively.