Hyundai Auto’s futures rose during the first trading day of Korea’s stock exchange, as it opened the market. According to Tokenpost PRO, at 8:30 a.m. on the 13th, Hyundai Auto’s futures were trading at 388,865 KRW, which is 6,365 KRW higher than the closing price of the Korea Stock Exchange at 382,500 KRW.
Samsung Electronics, SK Hynix and Hyundai Auto all formed a spread (profit) and the average spread was 1.11%, indicating that this is not an individual stock but rather reflects a bullish bias across Korean large‑cap stocks.
The daily trading volume of Hyundai Auto’s futures is 10,000 dollars and the settlement amount is around 2,604 contracts. Since the market size is not large, even small orders can move price. Rather than taking such spread as a direct forecast, it is more appropriate to use it as an indicator that tells which side – buying or selling – was more active in a day.
Funding rates are about 0.24% annually, meaning buying positions incur costs relative to selling positions. The price movement and position trend go in the same direction, indicating that the expectation of rise is concentrated on one side.
Among the foreign semiconductor stocks traded in a similar direction on 24‑hour markets, one of seven rose. KiwoSia moved most strongly by +0.07%. Since overseas semiconductors did not move uniformly, it is hard to generalize the spread of domestic stocks.
[Editor note] Hyperliquid is a derivatives exchange operating on blockchain, where the listed futures are contracts traded 24 hours without any settlement of underlying. Since they don’t hold actual shares, there is no ownership or rights; buying and selling positions settle via funding rates, causing price to converge to spot. Spread is calculated by converting contract price in dollars with KRW/USD rate and comparing to Korea Exchange closing.
The spread after the regular market close can be used as an indicator of overall sentiment across all institutions.