Supported by Institutional and Foreign Buying... KOSPI Starts Higher

KOSDAQ Also Started Higher but Shows Volatility with a Shift to Decline

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[Asia Economy Reporter Gong Byung-sun] The KOSPI opened higher, supported by buying from foreigners and institutions. However, foreigners and institutions are selling off in the KOSDAQ.

On the 13th, the KOSPI opened at 3,019.67, up 0.31% (9.44 points) from the previous day. It even rose to 3,029.32 at 9:22 a.m. that day.

Buying pressure from foreigners and institutions is relatively strong. Foreigners and institutions net purchased 20.2 billion KRW and 61.8 billion KRW, respectively. Individuals net sold 77.5 billion KRW.

Most sectors rose. The transportation equipment sector had the largest increase at 1.69%. This was followed by electrical and electronics (1.09%), manufacturing (0.78%), transportation and warehousing (0.68%), and steel and metals (0.62%). On the other hand, sectors such as electricity and gas (-1.32%), non-metallic minerals (-0.48%), services (-0.35%), pharmaceuticals (-0.17%), and construction (-0.08%) declined.

Almost all of the top 10 market capitalization stocks rose. Kia had the largest increase at 2.81%, followed by SK Hynix (2.07%), Hyundai Motor (1.93%), Samsung Electronics (1.17%), KakaoBank (0.79%), Samsung SDI (0.28%), and NAVER (0.13%). LG Chem (-0.81%) and Samsung Biologics (-0.33%) declined. Kakao remained unchanged.

On the same day, the KOSDAQ opened at 1,014.27, up 0.27% (2.70 points) from the previous day. However, it showed volatility, turning downward after falling below the 1,010 level around 9:10 a.m.

Selling pressure from foreigners and institutions led to the index decline. Foreigners and institutions sold 63.2 billion KRW and 9.4 billion KRW, respectively. Individuals bought 73.7 billion KRW.

Many sectors showed weakness. The digital content sector had the largest decline at 2.48%, followed by paper and wood (-1.14%), IT software & services (-0.94%), other services (-0.90%), and entertainment and culture (-0.72%). Meanwhile, telecommunications services (1.23%), software (1.12%), machinery and equipment (1.09%), semiconductors (0.94%), and transportation (0.71%) rose.

Many of the top 10 market capitalization stocks declined. Wemade had the largest drop at 5.44%, followed by Pearl Abyss (-3.04%), Alteogen (-2.76%), HLB (-0.96%), EcoPro BM (-0.91%), and Kakao Games (-0.55%). L&F (0.92%), Celltrion Pharm (0.40%), and Celltrion Healthcare (0.36%) rose. SK Materials remained unchanged.

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