KOSPI and KOSDAQ 'buy sidecar'... "AI and semiconductor stock prices have fallen excessively"

Market sentiment has been influenced by concerns that Democratic Party in the US might strengthen regulations around artificial intelligence (AI) industry, leading to a drop in AI and semiconductor stocks known as the "blue wave" shock. The incident was exacerbated by expectations of an end to the US-Israel-Iran war, resulting in a significant drop in international oil prices.

The KOSPI stock index, which rose by 5.10% to 5,274.60 from the previous day's close, is currently showing strong bullish momentum. The KOSPI 200 index index surged by more than 5% and halted the program's long-awaited positive buying signal for 5 minutes at 9:06 AM. Most of the top trading stocks flagged red lights. Leading stocks like Samsung Electronics, up 5.32% to 20,000 won, and SK Hynix, up 8.10% to 122,800 won, were greatly affected by the KOSPI's performance.

Approximately 716 listed stocks were in the positive territory, while 125 stocks were in the negative. The market sentiment was influenced by the belief that the concerns about the Democratic Party's AI data center regulation might be overstated. Major investment banks such as Morgan Stanley and UBS have assessed the AI investment decline as excessive and that it contributed to the AI and semiconductor stocks' plunge.

Analyst from Future Asset Investment Management, Mr. Sung-Young Kim, noted that such evaluations have helped improve investment sentiment and triggered a rebound in technology stocks. On the same day, the NASDAQ composite index, a benchmark for US tech stocks, rose by 2.74%, while the S&P 500 and Dow Jones Industrial Average also climbed.

The Brent oil futures, used as a benchmark for oil prices, saw a sharp 5.85% drop to $92.57 per barrel. The WTI futures, another key oil benchmark, declined by 4.38% to $86.85 per barrel. In the same time frame, the KOSPI index rose by 4.44% to 667.31. The KOSPI 150 index and futures prices saw a sharp rise in the morning, triggering a buying signal in the program at 9:10 AM.