KOSPI Reclaims 6,000 Mark: Anthropic IPO and Strong SK Hynix Earnings Drive 6.63% Surge - Maekyung Economy
Article excerpt
While Anthropic's planned initial public offering revived expectations for the profitability of AI investments, SK Hynix's record earnings and announcement of extensive shareholder returns drove a steep rise in domestic semiconductor stocks. The KOSPI recovered to the 6,000-point mark after 10 trading days, thanks to joint buying by foreign investors and institutions. On the 28th, the KOSPI closed at 6,012.44 points, up 374.10 points (6.63%) from the previous trading day. This is the first time in 10 trading days that the index reached the 6,000 mark again on a closing price basis. Due to the price surge, a buy sidecar was triggered on the stock market for the second consecutive day, just as on the previous day. The KOSDAQ also joined the upward trend, rising 3.69% to 771.28 points. Foreign investors and institutions drove the index upward with net purchases of 822.8 billion won and 960.7 billion won, respectively. Foreign investors, who had recently predominated in selling, now made net purchases for the second consecutive day. As the buying wave concentrated on large semiconductor stocks, material, component, and equipment companies on the KOSDAQ also rose significantly. The trigger for the improved investor sentiment was the planned IPO of the US AI company Anthropic. Anthropic submitted the registration statement for its IPO to the US Securities and Exchange Commission...
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The published data showed revenue of $16.286 billion for the first half of the year and an adjusted operating profit of $1.618 billion, excluding one-time accounting valuation losses.
