KOSPI Opens Higher on Optimism Over AI

The KOSPI started higher on November 25. This was due to growing expectations for a U.S. interest rate cut in December and renewed optimism surrounding artificial intelligence (AI).

As of 9:40 a.m. on this day, the KOSPI was trading at 3,896.24, up 50.18 points (1.29%) from the previous trading day.

While individual investors recorded a net selling of 40.2 billion won, foreign investors and institutions showed a buying advantage, with net purchases of 21.6 billion won and 23.1 billion won, respectively.

On the 25th, the KOSPI index and others are displayed on the status board in the Hana Bank dealing room in Jung-gu, Seoul.

Most of the top market capitalization stocks were in positive territory. In particular, after concerns over an AI bubble were dispelled in the New York stock market overnight-centered on Alphabet, Google's parent company-Samsung Electronics (up 2.79%) and SK Hynix (up 2.69%) posted relatively large gains.

Positive reviews for Google Gemini 3.0 in the New York market brought warmth to the overall technology sector. Google significantly reduced external spending by building the Gemini system around its self-developed AI chip, the Tensor Processing Unit (TPU). This has fueled expectations in the market that Google could reshape the AI industry landscape with its own chips, without relying heavily on Nvidia's Graphics Processing Units (GPUs).

Additionally, LG Energy Solution (up 0.49%), Hyundai Motor (up 1.17%), HD Hyundai Heavy Industries (up 0.36%), Doosan Enerbility (up 2.76%), KB Financial Group (up 1.83%), and Hanwha Aerospace (up 1.29%) were also rising.

Meanwhile, Samsung Biologics, which completed a spin-off and relisted the previous day, was sharply down by 7.55%.

Lee Sunghoon, a researcher at Kiwoom Securities, explained, "Since November, foreign investors have recorded a net selling amount of about 12 trillion won in the KOSPI, which suggests that foreign supply and demand have entered an oversold territory. Along with positive factors in the U.S. stock market, if the won-dollar exchange rate stabilizes due to government intervention, foreign inflows-which will determine the direction of the domestic stock market-could once again turn to net buying."

Meanwhile, the KOSDAQ index started at 867.84, up 11.40 points (1.33%) from the previous trading day, and as of the same time was trading at 867.96, up 11.52 points (1.35%).

In the KOSDAQ market, individual investors recorded a net selling of 66 billion won, while foreign investors and institutional investors recorded net purchases of 73.5 billion won and 10.1 billion won, respectively.

Most of the top market capitalization stocks were on the rise. Alteogen (up 1.14%), Ecopro BM (up 0.65%), Ecopro (up 1.86%), ABL Bio (up 0.17%), and Peptron (up 1.92%) were among those gaining.

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