Gains Erased Near 4,200 Mark... KOSPI Closes Back Above 4,100

KOSPI Closes at 4,106.39
KOSDAQ Ends Slightly Lower at 884.27

On November 11, the KOSPI index rebounded to the 4,100 level, supported by strength in the semiconductor sector.

On this day, the KOSPI closed at 4,106.39, up 33.15 points (0.81%) from the previous trading session. Foreign investors and institutions were net buyers of 75 billion won and 224 billion won, respectively, while individuals were net sellers of 283 billion won, engaging in profit-taking.

The dealing room of Shinhan Bank on the 11th. Shinhan Bank

The KOSPI started strong, buoyed by expectations that the temporary U.S. federal government shutdown would end and as concerns over overvaluation in artificial intelligence (AI) stocks eased overnight.

The index opened at 4,124.30, up 1.25% from the previous session, regaining the 4,100 level for the first time in a week since November 4. In the morning session, the gain widened to 2.80%, pushing the index above the 4,180 mark. However, in the afternoon, a wave of profit-taking erased most of the earlier gains.

By sector, textiles & apparel (4.89%), electrical & electronics (2.29%), medical & precision instruments (2.15%), and electricity & gas (5.92%) were strong. In contrast, food & beverages & tobacco (-1.47%), machinery & equipment (-1.22%), and transportation equipment & parts (-1.10%) were weak.

Among large-cap stocks, Samsung Electronics (2.88%), SK Hynix (2.15%), LG Energy Solution (1.61%), KB Financial Group (1.32%), Kia (2.02%), and SK Square (7.41%) posted gains.

In particular, SK Hynix set a new 52-week high, climbing to 628,000 won during the session, following Nvidia's gain of over 5% on the New York Stock Exchange overnight.

On the other hand, Doosan Enerbility (-1.76%), Hanwha Aerospace (-1.76%), and Hanwha Ocean (-2.31%) declined.

The KOSDAQ index closed at 884.27, down 4.08 points (0.46%) from the previous trading session.

Individuals and foreign investors were net buyers of 77.1 billion won and 12.9 billion won, respectively, while institutions were net sellers of 82.2 billion won.

Among major KOSDAQ stocks, Ecopro (7.05%), Samchundang Pharm (2.10%), Voronoi (5.65%), EO Technics (4.29%), and Classys (8.62%) were strong performers.

In contrast, Alteogen (-2.30%), Rainbow Robotics (-1.24%), Peptron (-4.32%), ABL Bio (-2.99%), Legochem Bio (-2.16%), and PharmaResearch (-11.20%) were weak.

In the Seoul foreign exchange market, the won-dollar exchange rate ended weekly trading at 1,463.3 won, up 11.9 won from the previous session's 1,451.4 won.