Kospi to Open Higher Today After Nasdaq’s Tech-Driven Surge
Nasdaq’s sharp overnight rally has set a positive tone for Asian equities. Kospi is expected to open on a bullish note this morning, mirroring global optimism.
Key Highlights:
Kospi Poised for Positive Opening on April 24 Amid Strong U.S. Tech Rally
Kospi is likely to open on a strong note today, April 24, 2025, as Asian markets follow cues from the U.S. stock market rally. The Nasdaq Composite closed with an impressive gain of 407.63 points (+2.50%), supported by sharp advances in mega-cap tech names.
This global momentum is expected to carry over into early trade in South Korea, with Kospi potentially building on yesterday’s strong close of 2,525.56, up 38.92 points (1.57%).
Nasdaq’s Performance Signals Strength for Asian Equities
The U.S. tech rally was powered by standout gains in:
- Apple (+3.52%)
- Amazon (+6.46%)
- Nvidia (+5.08%)
- Meta Platforms (+6.38%)
All these gains in tech-heavy indices signal that the risk appetite remains intact globally — a good sign for the Kospi index which is also led by export and tech giants.
Predicted Kospi Opening on April 24
Based on Nasdaq’s overnight rally and improved investor sentiment:
- Expected Opening Level: Around 2,565–2,570
- Sentiment: Bullish
- Key Gainers: Samsung Electronics, SK Hynix, Naver, LG Chem
- Early Resistance Zone: 2,580
- Volatility Watch: Moderate to High
Kospi’s April 23 Close Snapshot
- Closing Price: 2,525.56
- Change: +38.92 (+1.57%)
- Prev Close: 2,486.64
Kospi rose nearly 1.6% yesterday led by foreign institutional buying and easing concerns over Fed rate hikes.
What This Means for You
Retail and institutional investors can expect another bullish session today. Tech, battery, and chipmakers may see further upside at the open. Traders should watch volume movement in large-cap exporters and semiconductor stocks.
How to Take Action
- Entry Zone: First 30 minutes post-open to catch gap-up opportunities
- Watchlist Picks: Samsung Electronics, SK Hynix, LG Energy Solution
- Event Triggers: USD/KRW movement, Fed speak, and domestic export data
Who Will Be Affected
- Retail Traders: High-churn day with potential intraday volatility
- Export-driven Stocks: May outperform due to weak won and tech cheer
- Options/Futures Market: Expiry week to add additional trading layers
Positive Outlook Ahead for Kospi Traders
With a strong handoff from Wall Street, Kospi is set for a constructive start on April 24. While volatility may increase in the second half due to derivatives settlement, early trade is expected to be dominated by buying interest in heavyweights. The rally in Nasdaq has lifted sentiment across the board, putting Asia’s third-largest equity index on solid footing to test higher resistance zones.
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