Foreign, institutional buying of chip stocks lifts KOSPI near 7,000
Foreign and institutional investors stepped up purchases of chip stocks Monday, helping lift the KOSPI near 7,000 as renewed optimism over artificial intelligence (AI)-driven memory demand fueled a semiconductor rally. The benchmark KOSPI closed at 6995.39, up 4.61 percent from the previous session. The index opened 3.34 percent higher and extended its gains. Foreign and institutional investors…
On Monday, a surge of foreign and institutional investments into chip stocks helped push the KOSPI index towards a record high near 7,000, driven by renewed confidence in the demand for artificial intelligence (AI) memory. The KOSPI index closed at 6,995.39, marking a 4.61% increase from the previous day. The benchmark index opened 3.34% higher and continued its upward trajectory.
Foreign investors acquired 2.59 trillion won ($1.93 billion) worth of shares, while institutional investors netted 2.63 trillion won in purchases. Retail investors, however, sold 6.82 trillion won in shares. SK hynix experienced an 8.26% rise, closing at 1,783,000 won, while Samsung Electronics gained 5.68% to reach 270,000 won.
The excitement surrounding OpenAI's new GPT-6 Astra model, praised for its performance, and Nvidia's acquisition of Hugging Face, boosted expectations for increased token usage and further growth in AI infrastructure. This favorable market sentiment has led brokerages to call for a revaluation of Samsung Electronics and SK hynix, which had seen their shares decline by approximately 38% from their previous levels.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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