KOSPI closed at 7,007.72, up 113.49 points or 1.65%. First close above 7,000 in seven sessions.
Samsung Electronics closed at 274,000 won, up 4.98%.
SK Hynix closed at 1.868 million, up 0.59%. Samsung preferred, SK Square, and Samsung Electro-Mechanics also rose.
$SKHY
The bounce followed a US session where memory names firmed after rate and “go slower” headlines.
Institutions bought a net 1.3255 trillion won. Retail sold 2.8522 trillion into the 7,000 print. Foreigners flipped to a 135.9 billion won net sell late.
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KOSPI crossed 7,000 and then slipped back. The tape is still a chip tape.
At 10:10 a.m. on Sept. 21, had the index at 6,993, up 99 points or 1.45%. It opened at 6,938.34 and briefly hit 7,007.1.
US futures were mixed Friday. The Philadelphia semiconductor index jumped 2.78%. Nvidia, Micron, Broadcom, and AMD all rose. The 10-year Treasury yield sat back above 5%.
On KOSPI, Samsung Electronics was up 3.45% at 270,000 won. SK Hynix was up 0.92% at 1.874 million.
Samsung preferred, SK Square, Samsung C&T, and Samsung Electro-Mechanics also rose. LG Energy Solution and Hyundai Motor lagged.
KOSDAQ was at 834.13, up 0.85%, after dipping to 823. Retail bought that market. Foreigners and institutions sold.
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