Samcheonpi Breaks Through Again... Foreigners Net Buy for the First Time in 9 Trading Days

Samsung Electronics fell more than 2%, breaking below the 70,000 won mark during the session. As of 9:30 a.m. on the 12th, Samsung Electronics was trading at 69,700 won on the KOSPI market, down 2.52% from the previous trading day. In the early session, Samsung Electronics dropped to 69,300 won, marking the lowest price of the year. Photo by Kim Hyunmin kimhyun81@

[Asia Economy Reporter Hwang Junho] The KOSPI closed above the 3,000 mark for the first time in three trading days on the 15th. This came as foreign investors turned to net buying for the first time in nine trading days amid easing inflation concerns. With worries about the semiconductor industry also subsiding, Samsung Electronics regained the 70,000 KRW per share level on the day.

On this day, the KOSPI closed at 3,015.06, up 26.42 points (0.88%) from the previous session. The index recovered the 3,000 level amid concentrated net buying by institutions and foreign investors. Institutions and foreign investors net bought 209.6 billion KRW and 86.7 billion KRW, respectively. Meanwhile, individual investors, who had been supporting the KOSPI, realized profits by net selling 145.4 billion KRW worth of shares.

Among all listed stocks, 675 rose while 205 fell. Among the top market capitalization stocks, Samsung Electronics regained the 70,000 KRW per share level for the first time in four trading days, closing at 70,100 KRW. SK Hynix rose 4.90% to close at 98,400 KRW. The rise of these two major stocks reflected the semiconductor stock rally in the U.S. market the previous day. On the 14th (local time), the Philadelphia Semiconductor Index rose 3.08% in the New York market. Accordingly, Taiwan foundry company TSMC, listed on the U.S. Nasdaq, closed up 2.35%. U.S. memory semiconductor companies Micron Technology (2.14%) and Intel (3.14%) also rose. Besides semiconductor stocks, Samsung SDI showed notable gains, closing up 2.89% at 712,000 KRW. Samsung Biologics also closed up 1.16% at 869,000 KRW.

On the 13th, dealers are working in the dealing room of Hana Bank in Euljiro, Seoul. On this day, the KOSPI index started at 2,913.34, down 3.04 points (0.10%) from the previous session, then turned upward. The won-dollar exchange rate opened steady and has been fluctuating in the high 1190 won range, alternating between rises and falls. Photo by Moon Honam munonam@

By sector, the machinery sector led the market with a 2.41% rise, showing the largest gain on the day. Stocks such as Woojin Plaimm (11.11%), Hanmi Semiconductor (7.53%), Hanshin Machinery (7.09%), and Sewon ENC (5.56%) posted significant gains, contributing to the sector's overall strong performance. Other sectors also showed gains, including electrical and electronics (1.59%), medical precision (1.44%), textiles and apparel (1.42%), and distribution (1.32%). Only the chemical (-0.11%) and telecommunications (-0.27%) sectors showed declines on the day.

The KOSDAQ also closed higher at 990.54, up 7.11 points (0.72%) from the previous session, despite a mid-morning dip. On the KOSDAQ, individual investors were strong net buyers (145.4 billion KRW), while foreign and institutional investors net sold 114.9 billion KRW and 11.5 billion KRW, respectively.

Among all sectors, 1,022 sectors rose, but most of the top market capitalization stocks fell. Representative decliners included Kakao Games (-2.03%), HL Biopharma (-1.29%), and SK Materials (-1.28%). However, Wemade closed up 2.65% after its new mobile MMORPG 'Mir4' Global surpassed 800,000 simultaneous users on the 14th and increased its operating servers from 136 to 152 in just one day.

Lee Kyung-min, a researcher at Daishin Securities, analyzed, "The KOSPI rose as foreign investors switched to net buying in the cash market for the first time in nine trading days. The inflow of expectations for easing inflation pressure and supply chain bottlenecks improved risk asset preference sentiment." He added, "The sharp rise in U.S. Treasury yields also calmed down (10-year yields fell to the low 1.5% range), and the KRW/USD exchange rate dropped to the low 1,180 KRW level, creating a favorable environment for foreign investor demand, which lifted the stock market."

Neighboring countries' stock markets also helped boost the Korean market's rise on the day. Kim Seok-hwan, a researcher at Mirae Asset Securities, reported, "The Japanese stock market showed strength following the new prime minister's announcement of large-scale economic policies. The Taiwan Weighted Index also rose as the semiconductor sector gained on strong Q3 earnings from TSMC. Major Chinese indices also reversed to gains after starting lower."

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