Samsung Electronics up 2.5%... KOSPI closes higher on rebound of leading stocks

Foreigners and Institutions Buy Together... Settled at 3,240 Units in One Month

On the afternoon of the 14th, the KOSPI index is displayed on the electronic board in the dealing room of Hana Bank headquarters in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI settled in the 3240 range, buoyed by the rise of large-cap semiconductor stocks such as Samsung Electronics and SK Hynix, which are among the top market capitalization leaders.

On the 3rd, the KOSPI closed at 3247.43, up 0.72% (23.20 points) from the previous day. This marks the first time in about a month since the 10th of last month that the KOSPI closed above the 3240 level. Around 1:14 PM, it even rose to 3258.50. The semiconductor sector showed notable strength. Samsung Electronics and SK Hynix, ranked first and second in market capitalization, both rose by over 2%, driving the index upward.

Foreign investors and institutions also contributed to the index's rise with net purchases of 231.4 billion KRW and 449 billion KRW, respectively. Conversely, individual investors net sold 684.4 billion KRW.

By sector, the medical precision industry posted the largest gain at 2.89%. The electrical and electronics sector also showed a rise of 2.32%. This was followed by manufacturing (1.17%) and electric and gas utilities (0.84%). Meanwhile, steel and metals (-1.60%), insurance (-0.98%), and food and beverages (-0.67%) declined.

Most of the top 10 market capitalization stocks rose. Samsung Electronics led with a 2.48% increase, followed by SK Hynix (2.38%), Samsung SDI (1.47%), Kia (0.81%), Samsung Biologics (0.73%), LG Chem (0.62%), and Hyundai Motor (0.21%). Kakao (-0.39%) and NAVER (-0.28%) fell. Celltrion remained flat.

The KOSDAQ also rose above 990, closing at 990.19, up 0.93% (9.09 points) from the previous day. This is the first time since the 10th of last month that the market closed in the 990 range.

In the KOSDAQ market, foreign and institutional investors also showed strong buying momentum, with net purchases of 144.3 billion KRW and 1.3 billion KRW, respectively. Individual investors net sold 134.8 billion KRW.

Most sectors showed gains. The telecommunications equipment sector rose the most at 3.56%, followed by semiconductors (2.52%), IT hardware (2.14%), and internet (2.03%), all posting gains above 2%. Food and tobacco (-0.53%) and textiles and apparel (-0.27%) declined.

Most of the top 10 market capitalization stocks also rose. Kakao Games led with a 3.56% increase, followed by Alteogen (1.85%), SK Materials (1.66%), EcoPro BM (1.02%), Celltrion Pharm (0.51%), CJ ENM (0.36%), and Celltrion Healthcare (0.34%). Pearl Abyss (-1.52%) and HLB (-0.15%) fell, while Seegene remained flat.

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