▲ The KOSPI is displayed on a screen at the Hana Bank dealing room in Jung-gu, Seoul, on June 16.
The KOSPI continues its upward trend on June 16, hovering around the 8,700 mark following the agreement to end the war in Iran.
However, the gains are somewhat more limited compared to the 5% surge seen the previous day.
As of 9:30 a.m. today (June 16), the KOSPI is up 174.23 points (2.04%) to 8,720.21.
The index opened at 8,696.55, up 150.57 points (1.76%), and climbed as high as 8,747.48 shortly after the market opened.
This marks the fourth consecutive trading day of gains.
In the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,513.6 won, up 2.5 won.
In the KOSPI main market, foreign investors are net buyers for the third consecutive day, purchasing 278.5 billion won worth of shares.
Conversely, institutional investors, who were net buyers of over 500 billion won the previous day, are net selling 271.9 billion won, while individual investors are also net selling 85.7 billion won.
In the KOSPI 200 futures market, foreign and individual investors are net buying 572.3 billion won and 16.2 billion won, respectively, while institutions are net selling 587.2 billion won.
The market sentiment appears to be driven by a strong preference for risk assets ahead of the official signing ceremony for the peace agreement between the United States and Iran, scheduled for June 19 in Geneva, Switzerland.
U.S. stock markets also saw all three major indices rise overnight following the news of the peace agreement.
The Dow Jones Industrial Average rose 0.92% to reach an all-time high, while the S&P 500 and the Nasdaq Composite index climbed 1.65% and 3.07%, respectively.
International oil prices also plummeted.
Brent crude and West Texas Intermediate (WTI) futures both fell by 4.9% and 4.8%, respectively, closing at the low $80 per barrel range.
This is the lowest level in three months, since March 10, when the war in Iran first began.
Samsung Electronics and SK Hynix are currently up 1% and 3.45%, respectively.
SK Hynix briefly surpassed the 2.4 million won mark again, coming close to its all-time high of 2,407,000 won recorded on June 2.
Among stocks with large market capitalizations, Hyundai Motor (-0.93%), LG Energy Solution (-1.66%), and HD Hyundai Heavy Industries (-1.68%) declined, while Samsung Electro-Mechanics, which rose over 10% the previous day, is showing a slight downward trend.
By sector, medical and precision (4.84%) and metals (4.56%) are showing the highest gains.
These are followed by construction (3.67%), securities (2.93%), and electrics and electronics (2.12%).
While the paper and wood (-0.17%) and electric and gas (-0.39%) sectors are showing slight weakness, the telecommunications sector, which saw the largest decline, is down by about 1.52%.
The KOSDAQ opened at 1,039.00, up 4.97 points (0.48%), and is currently at 1,034.55, up 0.52 points (0.05%) at the same time.
The index is showing volatility, fluctuating throughout the trading session.
While foreign and institutional investors are net selling 98 billion won and 81.1 billion won, respectively, individual investors continue to be net buyers, purchasing 175.7 billion won worth of shares.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.