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/ Source: Korea Exchange

The Kospi reclaimed the 4,000 mark for the first time in nine trading days, opening in the 4,010 range. Analysts say improved risk appetite for AI-related value-chain stocks on Wall Street overnight, combined with expectations of a more dovish policy stance as the next Federal Reserve chair is effectively settled, supported the strong start.

According to the Korea Exchange, the Kospi benchmark index opened at 4,010.26 on Tuesday, up 15.33 points, or 0.38 percent, from the previous session.

In early trading, among the top 10 stocks by market capitalization, Samsung Electronics (up 1.06 percent), Samsung Biologics (up 0.18 percent), KB Financial Group (up 0.83 percent), Doosan Enerbility (up 3.47 percent), HD Hyundai Heavy Industries (up 1.73 percent) and Kia (up 9.34 percent) were all gaining. In contrast, SK Hynix (down 1.79 percent), LG Energy Solution (down 0.24 percent) and Hyundai Motor (down 0.19 percent) were edging lower, while preferred shares of Samsung Electronics were flat.

The Kosdaq index also weakened at the open, starting at 931.49, down 3.07 points, or 0.33 percent, from the previous close.

Among the Kosdaq’s top 10 market-cap stocks, Alteogen (up 0.19 percent), EcoPro (up 0.43 percent), LegoChem Biosciences (up 0.26 percent) and Kolon TissueGene (up 0.48 percent) were trading higher. Meanwhile, EcoPro BM (down 0.38 percent), ABL Bio (down 0.75 percent), Rainbow Robotics (down 1.91 percent), Peptron (down 0.51 percent), HLB (down 1.97 percent) and Samchundang Pharm (down 0.44 percent) were all in negative territory.

As of 9 a.m., the won-dollar exchange rate in the Seoul foreign exchange market was quoted at 1,467.40 won per dollar, down 2.10 won, or 0.14 percent, from the previous session.