KOSDAQ recovered above 800 on the 9th at 10 AM, rising 2.61% to 805.45 after falling to 785.00 the previous day. Institutions drove the rebound by purchasing 109 billion won worth of stocks while individuals and foreigners sold. The recovery followed a 5.56% drop the previous day that pushed KOSDAQ below 800 for the first time since September 4 of the previous year, marking a 10-month low.
Institutions Purchase 109 Billion Won as KOSDAQ Recovers
At 10 AM on the 9th, KOSDAQ stood at 805.45, up 20.45 points (2.61%) from the previous day's close. The index surpassed 800 early in the session and attempted to stabilize above that level. Institutions purchased 109 billion won worth of stocks, while individuals and foreigners sold 73.4 billion won and 35.9 billion won respectively. The previous day, KOSDAQ closed at 785.00, down 5.56%, after falling more than 10% in the month. The index briefly plunged 6.32% during trading, triggering a sell-side circuit breaker. Market capitalization fell to 432.9499 trillion won.
Semiconductor Equipment Stocks Lead Market Rebound
Semiconductor materials, components, and equipment stocks led the rebound. Among large-cap stocks, Eugene Technology rose 8.58%, Phadu gained 9.12%, HPSP increased 6.01%, Simpac climbed 6.12%, Jusung Engineering advanced 7.13%, and Wonik IPS rose 4.38%. Back-end process and equipment stocks, which had been neglected amid large-cap concentration, absorbed bargain-hunting buying. Robotics stocks also showed strength, with Robotis jumping 7.51% and Rainbow Robotics gaining 4.55%. Bio stocks showed mixed performance - D&D Pharmatech surged 9.25%, Voronoi rose 5.93%, and Samchundang Pharmaceutical gained 5.50%, while leading stock Alteogen rose only 0.32%. Battery stocks Ecopro (4.36%) and Ecopro BM (2.66%) showed moderate gains.
Analysts Cite Policy Support and Sector Rotation Expectations
Experts agreed the recent KOSDAQ decline was excessive and expressed expectations for fund rotation from KOSPI leading stocks to neglected KOSDAQ sectors. Hwang Seung-taek, head of Hana Securities Research Center, stated "the decline was excessive and semiconductor company growth remains solid, so the downward trend will not continue." Jung Na-young, researcher at Woori Investment Securities, analyzed "policy momentum is valid as support measures including National Growth Fund execution and KOSDAQ Premium Index launch are scheduled for the second half." However, some noted that fund rotation from KOSPI to KOSDAQ has not clearly materialized. Trading volume recovery is seen as key for confirming a trend reversal, as KOSDAQ trading value fell to the year's lowest level the previous day.
FAQ
What caused KOSDAQ to recover above 800 on the 9th?
KOSDAQ rose 2.61% to 805.45 at 10 AM on the 9th, driven by institutional buying of 109 billion won. The recovery followed an excessive decline that pushed the index below 800 the previous day for the first time since September 4 of the previous year.
Which stocks led the KOSDAQ rebound on the 9th?
Semiconductor equipment stocks led gains, with Eugene Technology up 8.58%, Phadu up 9.12%, HPSP up 6.01%, Simpac up 6.12%, Jusung Engineering up 7.13%, and Wonik IPS up 4.38%. Robotics stocks Robotis (7.51%) and Rainbow Robotics (4.55%) also showed strength.
