Samsung Electronics, the No. 1 market cap, shed its disgrace of "40,000 electronics" in a day on the back of low-priced purchases.
However, reports that Trump's transition team is considering abolishing subsidies for electric vehicles led to a drop in secondary battery-related stocks, leading to the KOSPI's decline.
I'm reporter Lee Hyungwon.
[Reporter]
Samsung Electronics has risen back to the 50,000 won level.
It's been a day since it fell to the 40,000 won level for the first time in four years and five months.
It rebounded sharply in six trading days, exceeding KRW 54,000 at one point during the day.
As of the closing price, it closed with a surge of more than 7%.
Low-priced buying was driven by expectations that stock prices had bottomed out,
Foreign investors also turned to net buying in 13 trading days.
Overnight, semiconductor-related stocks such as ASML and Nvidia on the New York Stock Exchange also boosted investor sentiment.In the aftermath of
, SK Hynix also rebounded around 3%, escaping from a 5% plunge a day earlier.
Semiconductor stocks dragged on like this, but the KOSPI closed lower.
Secondary battery-related stocks plunged more than 10%, dragging down the overall stock price.
[Na Jung-hwan / NH Investment & Securities researcher: Trump's transition team can push for the abolition of the IRA (Electric Vehicle Tax Credit under the Inflation Reduction Act) now, so preemptively selling secondary battery-related stocks....]
The exchange rate, which was unstable enough for the government to "verbally intervene," has calmed down somewhat.
As of 3:30 p.m., it fell more than 6 won, falling below 1,400 won in four days.
I'm Lee Hyungwon of YTN.
Reporter for shooting
: Jung Tae-woo
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