KOSPI 3000, Samsung Electronics 'Rebreaks' 70,000 Won

[Asia Economy Reporter Hwang Junho] The KOSPI opened higher for the third consecutive trading day, surpassing the 3,000 mark. Samsung Electronics, the unwavering market leader, also regained the 70,000 KRW per share level.

On the 15th, the KOSPI opened at 3,012.62, up 23.98 points (0.80%) from the previous day. As of 9:13 AM, it was up 1% at 3,018.52. Foreign investors led the index's rise with net purchases worth 26.1 billion KRW, while individual and institutional investors realized profits worth 16.1 billion KRW and 6.1 billion KRW respectively.

Among all listed stocks, 668 showed gains while 157 declined. Among the top market capitalization stocks, Samsung Electronics recovered to the 70,000 KRW level per share after three trading days. At this time, Samsung Electronics was trading at 70,800 KRW, up 2.02% from the previous day. SK Hynix also rose 2.99% to 96,600 KRW. Naver (NAVER) increased by 0.89%, and Samsung SDI rose 1.45%.

By sector, the transportation and warehousing industry showed a 2.07% increase. This was followed by electronics at 1.77%, precision medical instruments at 1.75%, machinery at 1.38%, and distribution at 0.97%. In the transportation and warehousing sector, Heung-A Shipping stood out with a 17.65% rise to 4,665 KRW. Heung-A Shipping is expected to benefit as the U.S. government decided to operate the Port of Los Angeles (LA) in California 24 hours a day to alleviate port congestion. Other shipping companies in the same sector, such as HMM (3.01%), Pan Ocean (2.27%), and Korea Line Corporation (1.87%), also showed gains.

The KOSDAQ also opened at 990.24, up 6.81 points (0.69%). As of this time, it was up 0.876% at 990.90. Individual investors made net purchases worth 79.5 billion KRW, while foreign and institutional investors sold 74.8 billion KRW and 2 billion KRW respectively. Among the top market cap stocks, L&F rose 1.20%, EcoPro BM increased 0.98%, and Wemade gained 0.68%.

Han Ji-young, a researcher at Kiwoom Securities, said, "It is difficult to say that the sharp rise in raw material prices has fully settled, so it is premature to assume that inflation anxiety has disappeared. However, factors that could suppress future inflation expectations (such as government policies to resolve logistics disruptions and the resumption of factory operations due to the easing of the Delta variant) are emerging, which is positive for the stock market."

She added, "The KOSPI is expected to attempt to settle above the 3,000 level, supported by easing inflation anxiety and favorable third-quarter earnings season prospects. With the weakening of the dollar's strength and the high willingness of domestic authorities to intervene, the exchange rate environment is also considered to have passed its worst phase."

Seo Sang-young, a researcher at Mirae Asset Securities, analyzed, "The Philadelphia Semiconductor Index rose 3.08%, supported by TSMC's strong earnings. Expectations for the semiconductor sector, which had been facing continuous foreign selling due to recent industry concerns, are improving."

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