KOSPI Starts Slightly Higher... Foreigners' Net Buying Brings '3000' Within Reach
Semiconductor Stocks Surge Including SK Hynix and Samsung Electronics
KOSDAQ Pauses... Early Session Reverses to Decline
[Asia Economy Reporter Minwoo Lee] The KOSPI opened with a slight gain, surpassing the 2990 mark. Early in the session, net buying by foreigners and institutions appeared to have a positive impact.
On the 22nd, the KOSPI opened at 2983.38, up 0.42% (12.36 points) from the previous trading day. By 9:21 AM, it recorded 2995.45.
Net buying by foreigners and institutions was prominent. They net purchased 169.6 billion KRW and 40.3 billion KRW respectively. Individuals net sold 204.3 billion KRW.
By sector, the electrical and electronics sector showed the largest increase at 2.76%. This was followed by manufacturing (1.38%), distribution (0.56%), pharmaceuticals (0.49%), and food and beverages (0.36%). Banks (-2.00%), non-metallic minerals (-1.36%), and services (-0.85%) declined.
Among the top 10 companies by market capitalization, SK Hynix showed the largest gain at 6.28%. Samsung Electronics (3.65%) and LG Chem (0.26%) also rose. Kakao Bank (-3.08%), Samsung SDI (-2.38%), Kakao (-0.79%), NAVER (-0.25%), Kia (-0.12%), and Samsung Biologics (-0.11%) followed. Hyundai Motor remained flat.
The KOSDAQ also opened higher at 1043.55, up 0.16% (1.63 points) from the previous trading day. However, by 9:21 AM, it reversed to a decline, recording 1037.87.
In the KOSDAQ market, individuals and institutions net purchased 46.1 billion KRW and 8.4 billion KRW respectively. Foreigners net sold 49.2 billion KRW.
Most sectors declined. Entertainment and culture (-3.73%), digital content (-3.17%), IT software & services (-2.78%), and paper & wood (-2.16%) showed the largest drops. Semiconductors (2.01%), telecommunications equipment (1.21%), and non-metallic minerals (0.92%) rose.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- [One Year of the Lee Jaemyung Administration] KFTC Uncovers Consecutive 20 Trillion Won Mega Cartels... Deflates Sugar and Ramen Prices
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
Among the top 10 companies by market capitalization, more sectors declined. L&F (-5.04%), Kakao Games (-4.19%), CJ ENM (-2.88%), Pearl Abyss (-1.93%), EcoPro BM (-1.19%), and HLB (-1.08%) fell. Celltrion Healthcare (2.62%), Wemade (1.22%), SK Materials (0.90%), and Celltrion Pharm (-0.62%) rose.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
