KOSPI rebounds after three days on Nvidia-driven tailwind... KOSDAQ also rises

Investor Sentiment Recovers on Nvidia's Strong Earnings
Semiconductor Stocks Including SK Hynix Rise Together

On the 22nd, the KOSPI rebounded after three days, buoyed by Nvidia's 'earnings surprise.' The KOSDAQ also closed higher. Semiconductor stocks, led by SK Hynix hitting a 52-week high, were the main contributors to the index's rise.

On the 22nd, employees are working at the Hana Bank headquarters in Myeongdong, Seoul. On this day, the KOSPI closed higher for the first time in three days, recovering to the 2,660 level. [Image source=Yonhap News]

On that day, the KOSPI index closed at 2,664.27, up 10.96 points (0.41%) from the previous day. The KOSPI successfully rebounded after three days.

Foreign investors and institutions were net buyers of 167.3 billion KRW and 74.5 billion KRW respectively, driving the index up. Individual investors were net sellers of 273.1 billion KRW.

Top market capitalization stocks showed mixed trends. LG Chem (-3.8%), Samsung SDI (-1.25%), and Samsung Biologics (-0.36%) declined.

On the other hand, automobile stocks such as Kia (2.14%) and Hyundai Motor (1.67%), as well as Samsung C&T (1.74%), LG Energy Solution (0.37%), and Samsung Electronics (0.14%) rose.

Semiconductor-related stocks also rose across the board, influenced by Nvidia's strong performance. SK Hynix (5.03%), Hanmi Semiconductor (6.7%), Isu Petasys (6.56%), and Hana Micron (2.53%) all increased.

On the 21st (local time), Nvidia announced that it recorded $22.1 billion (29.5035 trillion KRW) in revenue and $5.15 (6,875 KRW) in earnings per share for the fourth quarter of last year. Revenue increased by 265% compared to the same period a year ago, and gross profit surged 769% to $12.29 billion.

The KOSDAQ index closed at 870.11, up 6.04 points (0.7%) from the previous trading day. This was the first time in about a month since the 11th of last month (882.53) that the index closed above the 870 mark.

Foreign investors and individuals were net buyers of 78 billion KRW and 33.6 billion KRW respectively. Institutions were net sellers of 3.9 billion KRW.

Most of the top market capitalization stocks on the KOSDAQ closed higher. Alteogen (11.82%) and Shinseong Delta Tech (11.76%) rose sharply. Rainbow Robotics (2.63%) and HPSP (2.49%) also saw price increases.

The Nikkei index hit an all-time high. On that day at the Tokyo Stock Exchange, the Nikkei closed at 39,098.68, up 2.19% from the previous trading day. It was the first time in history that the KGI index surpassed 39,000.

Ji-won Kim, a researcher at KB Securities, said, "Among the low PBR-related stocks that recently saw profit-taking, automobiles and insurance rebounded, and expectations for the value-up program policy announcement next week were reignited. Asian stock markets generally showed strength, with the Japanese market hitting its highest level in 34 years."

This content was produced with the assistance of AI translation services.