KOSPI Ends Slightly Higher at 1927 Amid Mixed Positive and Negative Factors... KOSDAQ Up 0.2%
[Asia Economy Reporter Oh Ju-yeon] On the 15th, the domestic stock market, which experienced fluctuations throughout the day, closed slightly higher. The index, which rose in the early session amid escalating US-China trade tensions, turned downward due to foreign selling. However, as the Chinese stock market regained strength, the domestic market reduced its losses.
On this day, the KOSPI closed at 1927.28, up 0.12% from the previous trading day. Individuals and institutions net bought 223.9 billion KRW and 241.2 billion KRW respectively, while foreigners net sold 472.7 billion KRW.
Among the top market capitalization stocks, Samsung Electronics (-0.31%), Samsung Biologics (-1.14%), and NAVER (-2.74%) declined, whereas SK Hynix (1.61%), Celltrion (0.23%), LG Chem (0.58%), and LG Household & Health Care (1.37%) rose.
The KOSDAQ index closed at 691.93, up 0.20% from the previous trading day.
Among the top market cap stocks, Celltrion Healthcare (1.06%), Celltrion Pharm (3.91%), and Alteogen (1.39%) rose, while HL Biopharma (-1.40%) and Pearl Abyss (-0.43%) declined. Seegene, which hit the daily upper limit the previous day, closed down 8.07%.
Lee Kyung-min, a researcher at Daishin Securities, said, "Next week, the Chinese Two Sessions (on the 21st) are scheduled to be held. It is important whether the GDP growth rate will be disclosed and, if so, what percentage growth target will be presented."
He also predicted that if the seven major new infrastructure investment policies are concretized, the IT sector could show renewed upward momentum.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Over 7,000 Residents Evacuate Urgently" Magnitude 5.2 Earthquake Leaves 2 Dead, 6 Injured... What Happened in China?
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Lee added, "More important than the US-China conflict is how much global liquidity, policy momentum, and the resumption of economic activities, along with the resulting expectations for future economic recovery, are being factored in."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.