[Opening Market] KOSPI Surges Over 3% in Early Trading on Foreign Buying
On Nov. 4, the domestic financial market opened strongly in a lively atmosphere, taking the previous day’s tech stock rebound in the New York stock market and news of eased uncertainties in global artificial intelligence (AI) infrastructure investments as favorable factors. A tailwind is blowing acr
On November 4th, the KOSPI stock market experienced a significant surge, rising over 3% in early trading due to foreign buying. This strong opening was fueled by factors such as the rebound in tech stocks from the previous day's New York stock market rally, as well as news of reduced uncertainties surrounding global artificial intelligence (AI) infrastructure investments.
The calming of financing risks for major tech companies and a substantial influx of bargain hunters focused on major semiconductor and growth stocks contributed to the upward trend. By 10:00 a.m., both the KOSPI and KOSDAQ market indices were climbing steeply, recording a 3% increase. Key stocks like Samsung Electronics and SK hynix were leading the charge, with the won/dollar exchange rate showing signs of stabilization.
The surge was driven by foreign and institutional investors, who were actively purchasing stocks and showing a net buying stance. Individual investors, however, were largely focused on profit-taking and cash accumulation. Semiconductors and growth stocks were the primary drivers of the market's strong performance, with Samsung Electronics and SK hynix at the forefront.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
