KOSPI Rises Above 3,310 After Breaking Yearly High, Nearing All-Time Peak

Foreign and institutional buying drives index higher, while individuals offload 1.1 trillion won.

SK Hynix surges over 4%; Financial, construction, and securities sectors show significant gains.

KOSPI Opens Higher (Seoul=Yonhap News) Reporter Lee Jin-wook = The KOSPI is displayed on the status board at the dealing room of Hana Bank headquarters in Jung-gu, Seoul on the morning of the 10th.

The KOSPI is poised to break its yearly high (3,288.26 on July 31) as it opened higher today, and is exploring its direction. 2025.9.10 cityboy@yna.co.kr

Driven by a strong US stock market performance, the KOSPI opened higher today and has continued its upward trend, surpassing its previous yearly high (3,288.26 on July 31) and reaching the 3,310 level.

As of 11:15 AM today, the KOSPI is trading at 3,310.11, up 50.06 points (1.54%) from the previous trading day.

This surpasses the all-time closing high of 3,305.21 (July 6, 2021) and is close to the intraday all-time high of 3,316.08 (June 25, 2021).

The index opened at 3,272.20, up 12.15 points (0.37%) from the previous day, and has shown a continuous upward trend with fluctuations.

On the KOSPI market, foreigners and institutions are driving the index higher with net purchases of 713.1 billion won and 464.0 billion won, respectively. In contrast, individuals are showing a net selling position of 1.1534 trillion won, appearing to cash in on their gains.

Foreign investors also recorded a net buying position of 389.5 billion won in the KOSPI 200 futures market.

Overnight, US stock markets closed at all-time highs for all three major indices, despite concerns surrounding US employment data.

The Dow Jones Industrial Average closed at 45,711.34, up 196.39 points (0.43%) from the previous day, while the S&P 500 and Nasdaq Composite indices rose by 17.46 points (0.27%) and 80.79 points (0.37%), respectively.

Domestically, President Lee Jae-myung's announcement of the government's final stance on whether to strengthen the threshold for major shareholders subject to stock capital gains tax, as previously indicated, at his 100-day inauguration press conference scheduled for the 11th, significantly boosted investor sentiment.

Previously, the Ministry of Economy and Finance had proposed tax reform measures to strengthen the threshold for major shareholders subject to stock capital gains tax from 5 billion won to 1 billion won.

However, following public backlash and the KOSPI being range-bound, the ruling party communicated its stance to the government to maintain the current threshold (5 billion won). Some in political circles suggest that the government has decided to maintain the current 5 billion won threshold, accepting the ruling party's opinion.

Meanwhile, Samsung Electronics [005930] is trading at 72,650 won, up 1,150 won (1.61%) as of today, and SK Hynix [000660] has surged to 302,000 won, up 14,000 won (4.86%), nearing its yearly high (306,500 won on July 11).

Other large-cap stocks showed mixed movements.

Hanwha Aerospace [012450] (3.07%), Hyundai Motor [005380] (1.37%), KB Financial [105560] (5.73%), Kia [000270] (1.33%), Celltrion [068270] (0.59%), NAVER [035420] (0.22%), and Shinhan Financial Group [055550] (3.68%) rose, while LG Energy Solution [373220] (-1.44%), Samsung Biologics [207940] (-0.67%), HD Hyundai Heavy Industries [329180] (-0.32%), and Hanwha Ocean (-0.55%) declined.

By sector, most sectors saw gains, including Finance (2.57%), Construction (2.25%), Securities (2.13%), Electrical & Electronics (2.11%), Insurance (1.76%), Non-Metallic Minerals (1.65%), Electric & Gas (1.44%), Distribution (1.29%), Transportation & Warehousing (1.20%), and Transport Equipment & Parts (1.17%). However, Textiles & Apparel (-0.73%), Telecommunications (-0.24%), Medical & Precision (-0.15%), and Chemicals (-0.09%) showed weakness.

At the same time, the KOSDAQ index is trading at 828.23, up 3.41 points (0.41%).

The index opened at 828.40, up 3.58 points (0.43%) from the previous trading day, and is now adjusting its gains.

In the KOSDAQ market, individuals and institutions are net buyers with 7.6 billion won and 39 billion won, respectively, while foreigners are net sellers with 38.1 billion won.

Among top market cap stocks, Alteogen [196170] (1.89%), Rainbow Robotics [277810] (4.31%), HLB [028300] (1.05%), and Sam Chun Dang Pharm [000250] (4.21%) rose, while EcoPro BM [247540] (-1.87%), Peptron [087010] (-0.84%), EcoPro [086520] (-1.61%), and Pharmarise Research [214450] (-5.51%) declined.