KOSPI Maintains Rise, Foreign Investors Continue Net Buying

On the 6th, KOSPI opened at 2,927.50, down 26.47 points (0.90%) from the previous trading day. Dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. On the same day, the won-dollar exchange rate started trading at 1,200.9 won, up 4.0 won from the previous trading day. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Junho Hwang] On the morning of the 7th, the KOSPI maintained its upward trend as rebound buying occurred following two consecutive days of decline, supported by signals of accelerated U.S. monetary tightening.

As of 10:37 a.m., the KOSPI was at 2,952.80, up 1.10% from the previous session. The index's rise continued due to foreign inflows amid a strong dollar. Foreign investors showed a net buying intention of 283.1 billion KRW at this time. Meanwhile, individual investors withdrew their early buying momentum and turned to net selling of 46.1 billion KRW. Institutions were net sellers of 222.2 billion KRW.

Among all stocks, 640 rose while 211 fell. Among the top market capitalization stocks, Samsung Electronics rose 1.82% to trade at 78,300 KRW. Samsung Electronics announced its Q4 earnings on this day.

Samsung Electronics reported consolidated sales of 76 trillion KRW and operating profit of 13.8 trillion KRW for Q4 of last year (September to December). Sales increased by 2.73% compared to 61.55 trillion KRW in the same period last year. Operating profit also rose 52.49% from 9.05 trillion KRW in Q4 of the previous year. However, it decreased 12.77% compared to the operating profit of 15.82 trillion KRW in Q3 (July to September). Additionally, the results fell short of market consensus.

SK Hynix, grouped with Samsung Electronics in the semiconductor sector, rose 2.40% to 128,000 KRW. Most of the top 10 stocks, including NAVER (0.74%), Samsung Biologics (0.60%), and LG Chem (2.46%), showed upward trends. By sector, textiles and apparel (1.72%), chemicals (1.64%), and electrical and electronics (1.59%) stood out.

The KOSDAQ also maintained its upward trend but remained below the 1,000-point mark. As of this time, the KOSDAQ was at 994.92, up 1.49%. Individual investors led the index's rise with net buying of 31.6 billion KRW. Foreign and institutional investors were net sellers of 6.4 billion KRW and 26.8 billion KRW, respectively. Among the top market capitalization stocks, WEMADE, which had been declining, reversed course and rose 8.39% to 149,800 KRW. Pearl Abyss (3.42%), Kakao Games (2.02%), and Alteogen (2.85%) also saw significant gains.

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