KOSPI Continues to Rise... Foreigners Net Buyers in Electrical and Electronics Sector

On the 26th, the KOSPI opened at 3,151.30, up 4.49 points (0.14%) from the previous trading day, at the Hana Bank dealing room in Jung-gu, Seoul. On the same day, the won-dollar exchange rate opened at 1,165.0 won, down 3.1 won from the previous trading day. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Junho Hwang] On the 3rd, the KOSPI continues its upward trend amid continued net buying by foreign investors.

As of 10:40 AM, the KOSPI is at 3190.09, up 14.24 points (0.45%) from the previous trading day. Foreign investors and institutions are showing net buying intentions worth 113 billion KRW and 15.7 billion KRW respectively, driving the index higher. Individual investors are net selling about 111.8 billion KRW. Among all listed stocks, 504 are rising while 312 are declining. Among these, foreign investors have a strong net buying interest in the electrical and electronics sector and the pharmaceutical sector.

By sector, the KOSPI shows gains of up to 1%. Pharmaceuticals (1.41%), machinery (0.94%), and services (0.91%) are the main sectors leading the rise. The pharmaceutical sector's gains are led by Ilyeon Pharmaceutical. Ilyeon Pharmaceutical is currently trading at 63,800 KRW, up 14.34%, driven by expectations of expansion at its Chungju factory.

Among the top market capitalization stocks, the leader Samsung Electronics is trading at 76,400 KRW, up 0.53%. SK Hynix, in the same semiconductor sector, is trading flat compared to the previous closing price. Internet sector leaders NAVER and Kakao are up 12.4% and 0.65%, respectively.

The theme gaining momentum today is OLED (Organic Light Emitting Diode). Robostar (6.13%) and LG Electronics (4.30%) are standing out.

The KOSDAQ is also recording gains at this time, trading at 1051.81, up 4.62 points (0.44%). On the KOSDAQ, individual investors are driving the index up with net buying intentions of 71 billion KRW. Foreign and institutional investors are showing net selling intentions of 31.1 billion KRW and 30.5 billion KRW, respectively.

Among all stocks, 793 are rising while 493 are declining. By sector, electrical and electronics (1.87%) and telecommunications services (0.94%) are showing upward trends.

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