[Market Opening Summary] KOSPI breaks through the 4000 mark for the first time in history ⋯ 100,000 Electronics achieved · Hynix hits another all-time high.

27 days ago, the KOSPI surpassed the 4,000 mark during trading as expectations grew for a rate cut by the Federal Reserve (Fed). There are also high expectations for individual stocks as the results of summits between various countries are expected to be announced soon.

According to the Korea Exchange, as of 9:45 AM, the KOSPI index was trading at 4034.63, up 93.04 points (2.36%) from the previous trading day. The KOSPI opened at 3999.79, up 58.20 points (1.48%) from the previous day's close (3941.59). It then continued to rise, surpassing the 4,000 mark during trading.

Will it close above 4,000 ahead of summits and earnings events?

In the securities market, individuals and foreigners bought 223.2 billion won and 129.3 billion won respectively. On the other hand, institutions sold 338.7 billion won.

Han Ji-young, a researcher at a securities firm, said, “This month, attention is focused on the Federal Open Market Committee (FOMC), US-China summit, Korea-US summit, and other APEC political events.” He added, “The KOSPI will attempt to break through 4,000 as it goes through major events such as the earnings of US M7 companies like Microsoft, Apple, Meta, and Alphabet, as well as domestic major companies like SK Hynix.”

By industry, all sectors are rising except for insurance (-0.43%) and real estate (-0.06%). Transportation equipment parts (3.17%), construction (4.52%), and finance (2.02%) are showing strength.

All of the top market cap stocks on the KOSPI rose. Samsung Electronics exceeded 100,000 won for the first time ever. It is trading at 101,550 won, up 2.78% today. SK Hynix also hit a new high of 532,000 won, up 4.31%. Other stocks showing strength include HD Hyundai Heavy Industries (5.39%) and Doosan Enerbility (1.36%).

Tariff negotiations key issue… KOSDAQ also on the rise

A researcher said, “Korea is also facing a summit with the US, and tariff negotiations will be a key issue.” He analyzed, “The recent sharp rise in the won-dollar exchange rate, which has been hovering above 1,440 won, and increased volatility in the auto sector's stock prices partly reflect uncertainties in tariff negotiations.”

At the same time, the KOSDAQ index is at 895.74, up 12.66 points (1.43%) from the previous day. It started trading at 890.23, up 7.15 points (0.81%) from the previous day's close (883.08).

In the KOSDAQ market, individuals were the sole net buyers, purchasing 78.3 billion won. On the other hand, foreigners and institutions net sold 41.7 billion won and 31.3 billion won respectively.

By KOSDAQ industry, food & beverage tobacco (-0.14%), paper & wood (-0.40%), and publishing media (-0.02%) are falling, while general services (3.69%), finance (2.74%), and pharmaceuticals (2.04%) are rising.

Q3 earnings expectations reflected in advance… Exchange rate hovering in 1,430 won range

He noted, “It's worth noting that the KOSPI's record surge of over 16% since October partly reflects the preemptive incorporation of Q3 earnings expectations for these key sectors.” He added, “Given the characteristics of the domestic stock market, there tends to be short-term sell-on-news volume after actual earnings announcements.”

Top market cap stocks on the KOSDAQ are mixed. Alteogen (3.70%), Ecopro (3.40%), Ecopro BM (2.26%), and Peptron (2.72%) are strong. HLB (-0.44%) and Pharma Research Products (-0.36%) are weak.

In the Seoul foreign exchange market, the won-dollar exchange rate opened at 1436.7 won, down 0.4 won from the previous day's weekly trading close (1437.1 won).