KOSPI also rises on Samsung Electronics' surge in 'Investor-stock purchases'

Samsung Electronics starts trading at 57,000 won, up more than 6%

Last Friday, it soared more than 7% to close at 53,500 won

Low-priced buying flock to the aftermath of Thursday's 40,000 won shock

[Anchor]
After the market closed last Friday, Samsung Electronics announced a 10 trillion won share buyback plan.

The KOSPI is also on the rise as the stock price, which had rebounded on the day due to low-priced buying, surged with new good news.

I'll connect you to a reporter for more information. Reporter Lee Hyungwon!

Samsung Electronics continues to rise today, right?

[Reporter]
Yes, Samsung Electronics started at 57,000 won, up more than 6%.

Currently, the rise has decreased slightly, and it is moving around 56,000 won.

Last Friday, it closed at 53,500 won, which soared more than 7%.

At that time, the stock price rose as low-priced purchases flocked to the aftermath of the collapse to the 40,000 won level on Thursday, the previous day.

The stock price, which has rebounded to around 50,000 won in a day, seems to be gaining momentum from the announcement of the treasury stock purchase of 10 trillion won.

In 2017, the stock price soared by more than 50% over nine months after the announcement of the stock purchase of KRW 9 trillion.

However, the background of the purchase is different from the time when the performance was supported.

This time, experts say it remains to be seen how long the upward trend will continue, as it has announced the purchase of treasury stocks to boost stock prices themselves in the face of poor performance and cash flow.

[Anchor]
The KOSPI also started higher as Samsung Electronics rose sharply?

[Reporter]
The KOSPI is also gaining strength as Samsung Electronics, the No. 1 market capitalization, surged.

The KOSPI opened today at 2,440.31, up nearly 1%.

Now, it is moving at the 2,460 level, rising to the 2% range.

However, KOSDAQ started trading at 683.53, down 0.28% from the previous session.

Currently, it has rebounded and is going up and down around 690.

Meanwhile, the financial authorities held a meeting to check the situation as the stock market fluctuated significantly recently.

This is because the volatility of our stock market has increased as former President Trump of the United States has succeeded in retaking power.

Financial authorities diagnosed that the recent fall was somewhat excessive, although there is uncertainty in the new U.S. government's policy regarding major industries such as semiconductors and secondary batteries due to the nature of the economic structure that relies heavily on exports.

Kim Byung-hwan, chairman of the Financial Services Commission, said he would monitor market trends with caution, and ordered related organizations to proceed with the value-up fund at a pace.

So far, I am YTN Hyungwon from the Korea Exchange.