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[Breaking] KOSDAQ Surges Over 8%, Nearing 700 Mark... Alteogen, EcoPro, HLB Ride Tailwind

On the 31st, the KOSDAQ market surged more than 8%, with large-cap stocks by market capitalization collectively riding a strong upward trend. As of 11:23 a.m.,

Oseong Kwon
Staff Reporter
3 min read
[Breaking] KOSDAQ Surges Over 8%, Nearing 700 Mark... Alteogen, EcoPro, HLB Ride Tailwind
CBC News

On the 31st, the KOSDAQ market surged more than 8%, with large-cap stocks by market capitalization collectively riding a strong upward trend.

As of 11:23 a.m., the KOSDAQ index is at 699.88, up 55.10 points (8.55%) from the previous trading day. As investment sentiment improves rapidly, the index is attempting to break the 700 threshold during the session.

The specific upward trends of top market-cap stocks and major theme stocks are as follows:

  • Biotech and Other Large-Cap Stocks: Alteogen is trading at 303,000 won, up 8.41%. HLB rose 1.84% and ABL Bio gained 9.38%, continuing the upward trend in the biotech sector.
  • Representative Secondary Battery Stocks: EcoPro (11.76%) and EcoPro BM (5.80%) showed strength together, boosting investors' buying sentiment.
  • Robot and Semiconductor Equipment Stocks: Rainbow Robotics, a robotics stock, recorded a high gain of 11.13%. In particular, buying pressure focused on the semiconductor equipment sector, with Jusung Engineering (22.69%), Wonik IPS (20.31%), and PSK (21.20%) surging around 20%. Lino Industry (10.51%) also rose, driving the overall strength of the semiconductor sector.

Some market participants are noting that broad-based buying is spreading across major growth stocks as the KOSDAQ index recovers the 700 mark.

However, analysts note that the rapid short-term surge could lead to expanded volatility, advising investors to monitor both sector-specific supply and demand dynamics and individual company situations. They also caution against making premature predictions about future market trends.

[※ The final responsibility for investment decisions lies with the investor.]

Oseong Kwon
Staff Reporter

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