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KOSPI Reclaims 7,000 Level Driven by AI Momentum
Electronic Technology · Semiconductors · yonhap_finance · 2026-09-09
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The KOSPI index closed above the 7,000 mark for the first time in 33 trading sessions, fueled by sustained AI optimism and strong performance in semiconductors.
What Happened
Market Rally: The KOSPI index rose 1.40% to close at 7,051.64, successfully reclaiming the 7,000-point threshold for the first time in 33 sessions. The index maintained a steady upward trajectory throughout the trading day, peaking above 7,100 at one point.
Growth Drivers: The rally was primarily supported by continued enthusiasm for AI, specifically following updates on OpenAI’s new model, 'Astra.' Despite challenging macroeconomic conditions, including rising oil prices and bond yields, the AI growth narrative successfully bolstered investor sentiment.
Trading Activity: Institutional investors were the primary drivers of the market, net buying 941.7 billion won worth of shares. In contrast, individual and foreign investors were net sellers, indicating a shift in portfolio positioning among retail and international participants.
Sector Performance: Battery-related stocks, including LG Energy Solution and Samsung SDI, saw significant gains, outperforming the broader market. Meanwhile, financial and holding company stocks experienced slight pullbacks, highlighting a divergence in sector performance.