Domestic Stock Market Starts Higher Backed by Strong Samsung Electronics Performance... Concerns Over Profit-Taking Sales

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] The domestic stock market started on an upward trend.

On the 7th, the KOSPI opened at 3,129.07, up 1.99 points (0.06%). The KOSDAQ started at 969.30, up 0.67 points (0.07%).

In the KOSPI market, foreigners are buying stocks worth 137.2 billion KRW, while individuals and institutions are selling stocks worth 99.2 billion KRW and 37.1 billion KRW, respectively. In the KOSDAQ market, individuals are buying stocks worth 23.8 billion KRW, whereas foreigners and institutions are selling stocks worth 6.9 billion KRW and 13.9 billion KRW, respectively.

Looking at the KOSPI sector status, the Food and Beverage sector (+1.35%) stands out with a strong start, along with Construction (+0.75%) and Steel & Metals (+0.68%) sectors showing upward trends. On the other hand, sectors such as Paper & Wood (-0.61%) and Telecommunications (-0.44%) are experiencing declines.

Additionally, sectors like Finance (+0.62%), Electricity & Gas (+0.44%), and Chemicals (+0.24%) are rising together, while Transportation Equipment (-0.24%), Machinery (-0.20%), and Distribution (-0.20%) sectors are falling together.

In the KOSDAQ sectors, Publishing & Media Replication (+1.00%), Textile & Apparel (+0.68%), and Paper & Wood (+0.33%) are showing strength, whereas Food & Tobacco (-0.16%), Other Services (-0.08%), and Other Manufacturing (-0.07%) are declining.

Today marks the official start of the earnings season, led by the preliminary first-quarter earnings announcements from Samsung Electronics and LG Electronics. The upward trend in first-quarter earnings forecasts for listed companies, which is positive for the stock market, continues to draw attention.

Kiwoom Securities researcher Kim Yumi said, "The MSCI Korea Index ETF rose 0.11%, the MSCI Emerging Markets ETF rose 0.55%, and the Eurex KOSPI200 night futures rose 0.23%. The 1-month NDF USD/KRW exchange rate is 1,119.50 KRW. Reflecting this, the exchange rate is expected to start stable." She added, "The Korean stock market is expected to fluctuate depending on Samsung Electronics' preliminary earnings results today. Since the semiconductor sector's rebound was rapid recently, the possibility of profit-taking after major announcements cannot be ruled out."

She continued, "However, if the results do not deviate significantly from solid market expectations, the decline is expected to be limited. The overnight drop of 6 basis points in U.S. Treasury yields and a 0.3% decline in the dollar index in the U.S. stock market are expected to create a favorable environment for foreign investment inflows," she added.

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