Korea Composite Stock Price Index, hits a new all-time high... Semiconductor industry continues its strong momentum
South Korea’s stock market experienced volatile trading on the 24th before closing higher, with the KOSPI index hitting a record high. Despite the weak performance of the U.S. stock market, the semiconductor sector performed strongly driven by large-scale net buying by institutional investors, and the KOSPI index ultimately closed at 2,969.64 points. The KOSDAQ index also maintained its upward momentum, closing at 1,165.00 points.
In the morning, the KOSPI opened lower due to the influence of the U.S. stock market, but as the semiconductor sector showed signs of upward momentum, it turned to an upward trend during the session. Samsung Electronics rose 3.63%, closing at 200,000 won; SK Hynix increased 5.68%, reaching a new high of 1,005,000 won. This was mainly driven by institutional investors executing net buy operations worth 23.745 trillion won, boosting the index.
On the other hand, foreign investors sold 1,965 billion won in the spot market and 58.1 billion won in the KOSPI200 futures market, showing a negative stance. Analysts believe this is due to uncertainties surrounding U.S. President Trump’s trade policies and concerns about potential changes in the artificial intelligence industry, which dampened investor sentiment.
The Korean stock market particularly indicates that the development of the artificial intelligence industry could have a positive impact on certain sectors. Lee Kyung-min, a researcher at Daeshin Securities, commented that AI-related industries are generating favorable effects in Korea. In fact, sectors such as electrical electronics and chemicals showed gains, while some sectors like insurance and securities experienced declines.
In the face of such dramatic market fluctuations, experts warn that the impacts of artificial intelligence and trade policies may continue to influence the market. Despite the temporary rise, given the ongoing uncertainty in the global economic environment, investors are advised to adopt a more cautious approach.