KOSPI surges sharply in early trading on news of the end of the war
Domestic stocks strengthen on U.S.-Iran peace agreement, KOSPI and major semiconductor stocks rise Quickly check supply-demand trends and exchange rate movements too, and don’t miss market changes
On the morning of the 16th, the domestic stock market showed strength on news of a ceasefire agreement between the United States and Iran. The KOSPI opened at 8,696.55, up 1.76% from the previous trading day, and surged past the 8,700 level shortly after the market opened.
Large semiconductor stocks also rose together. As of 9:10 a.m., Samsung Electronics was up 1.41% and SK hynix was up 3.76%, while Samsung ElectroMechanics, which had risen sharply the day before, added further gains and once again moved above the 2 million won level.
In terms of trading flow, individuals and foreigners were net buyers, while institutions were net sellers. However, the KOSDAQ, which started higher, turned downward, and the wondollar exchange rate rose to open at 1,513.6 won.