KOSPI and KOSDAQ Rise Together... Samsung Electronics Up 1.85%

[Asia Economy Reporter Kwon Jae-hee] On the 29th, both the KOSPI and KOSDAQ started the day with gains. Thanks to the strong performance of U.S. stocks, which rose sharply for the first time in seven weeks due to robust corporate earnings, solid consumer spending, and strong employment, positive investor sentiment appears to have formed in the domestic market as well.

As of 9:13 a.m. on the 29th, the KOSPI was up 0.55% (14.71 points) at 2682.20. The KOSPI opened at 2669.18, up 0.06% (1.69 points) from the previous trading day.

Looking at investor trends, individuals and foreigners net bought stocks worth 67.8 billion KRW and 10.8 billion KRW respectively, while institutions sold stocks worth 79.8 billion KRW.

Among the top market capitalization stocks, all showed gains except Hyundai Motor (-1.59%). Samsung Electronics (1.85%), LG Energy Solution (1.44%), SK Hynix (1.83%), Samsung Biologics (0.12%), Samsung Electronics Preferred (1.55%), NAVER (1.25%), Samsung SDI (4.18%), Kakao (0.67%), and LG Chem (2.79%) all rose.

At the same time, the KOSDAQ index was at 897.21, up 0.56% (4.99 points) from the previous trading day. The KOSDAQ opened at 895.64, up 0.38% (3.42 points). Regarding investor trends, individuals alone net bought stocks worth 44 billion KRW, while foreigners and institutions net sold stocks worth 35.6 billion KRW and 8.8 billion KRW respectively.

Most of the top market capitalization stocks in the KOSDAQ market also showed gains. EcoPro BM (0.62%), L&F (0.32%), Kakao Games (0.33%), Pearl Abyss (1.19%), HLB (0.34%), CJ ENM (0.24%), Cheonbo (1.74%), and Rino Industrial (0.52%) were all up.

Kim Seok-hwan, a researcher at Mirae Asset Securities, said, "With the U.S. stock market closing sharply higher, the domestic market is also expected to start with gains. Although the continuous rise in the won-dollar exchange rate will limit foreign capital inflows, demand will come mainly for large-cap stocks," he analyzed.

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