KOSPI Rises Over 2% on Institutional and Foreign Net Buying... Samsung Electronics Up 3%

Strong Buying Momentum in Automobile Sector
Hyundai Motor Up 7%, Kia Motors Up 12%

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend due to net buying by institutions and foreigners. Samsung Electronics, which experienced a decline of over 3% the previous day, is recovering within a day.

[Image source=Yonhap News]

As of 1:37 PM on the 19th, the KOSPI is at 3097.79, up 2.78% (83.66 points) compared to the previous trading day. The KOSPI started the day at 3013.05, down 0.03% (0.88 points) from the previous day, but has maintained an upward trend since then.

Looking at investor trends, institutions and foreigners have net bought stocks worth 479.7 billion KRW and 355.5 billion KRW respectively. Individuals are the only group net selling, with stocks worth 845.4 billion KRW being sold.

Among the top market capitalization stocks, most are showing gains. Samsung Electronics recorded 87,000 KRW, up 3.06% from the previous session. Although it fell 3.4% the previous day following the news of Vice Chairman Lee Jae-yong’s court imprisonment, it has recovered the loss within a day. Other stocks such as SK Hynix (0.38%), LG Chem (3.24%), Samsung Biologics (1.78%), NAVER (3%), Samsung SDI (3.82%), and Celltrion (0.16%) also rose.

In particular, investment sentiment in the automobile sector showed significant improvement. Hyundai Motor rose 6.85%, while Kia Motors (12.03%), Hyundai Mobis (5.56%), and Hyundai Wia (5.24%) also increased.

Sangyoung Seo, a researcher at Kiwoom Securities, explained, “A rebound buying trend following the decline is driving the upward movement. The fact that sectors such as semiconductors, steel, and automobiles, which led the recent decline, are now leading the rise from a bottoming point has highlighted the buying momentum.”

At the same time, the KOSDAQ index is at 957.02, up 1.31% (12.35 points) from the previous day. Although the index showed a decline of over 1% during the session, it turned upward as foreigners increased their net buying.

Investor trends show foreigners bought stocks worth 155.6 billion KRW, and institutions also net bought stocks worth 2.3 billion KRW. Individuals were the only group selling, with stocks worth 150 billion KRW sold.

Among the top market capitalization stocks, Celltrion Pharm (1%), Celltrion Healthcare (0.29%), HL B (0.33%), Alteogen (3.13%), and EcoPro BM (1.59%) rose.

This content was produced with the assistance of AI translation services.