KOSDAQ index rose 0.7% to 1063.75 driven by retail investors. Pharmaceutical biotech stocks like Alteogen and Samchundang Pharm surged, while optical communication and telecom equipment stocks rallied significantly amid positive market sentiment.
KOSDAQ surged 6.06% to 1116.18 on April 1, driven by foreign and institutional buying. Battery, biotech, semiconductor, and optical communication stocks rallied significantly.
Jusung Engineering reports 67.8% drop in operating profit
Jusung Engineering reported a 67.8% decrease in operating profit for 2025, with sales down 24.1% and net profit down 67.5%. The company cited increased R&D investment as the main reason for the performance change.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.