KOSPI and KOSDAQ Show Strong Gains of Over 1%
[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are showing strong upward momentum. Following the rise of semiconductor company Nvidia in the U.S. stock market the previous day, domestic semiconductor companies are also on the rise.
As of 9:13 a.m. on the 27th, the KOSPI stood at 2,636.74, up 0.93% (24.29 points) from the previous trading day. The index showed strong gains, rising 1.08% (28.30 points) to 2,640.75 compared to the previous day. In the market, foreigners and institutions bought stocks worth 6.5 billion KRW and 61.4 billion KRW respectively. Individuals sold stocks worth 66.9 billion KRW.
All top market capitalization stocks are in the red zone. Samsung Electronics rose 1.37% to 66,800 KRW. LG Energy Solution (1.28%), SK Hynix (2.43%), Samsung Biologics (0.24%), NAVER (1.88%), Samsung SDI (1.89%), Hyundai Motor (1.09%), LG Chem (2.06%), and Kakao (1.72%) also showed upward trends.
At the same time, the KOSDAQ index stood at 881.09, up 1.11% (9.66 points) from the previous trading day. The index opened the day at 881.41, up 1.15% (9.98 points) from the previous day. Looking at investment trends, individuals and institutions bought stocks worth 59.7 billion KRW and 10.1 billion KRW respectively, while foreigners alone sold stocks worth 68.6 billion KRW.
All top market capitalization stocks showed gains. EcoPro BM (1.98%), Celltrion Healthcare (1.66%), L&F (1.58%), HLB (1.22%), Kakao Games (1.34%), Pearl Abyss (0.95%), Celltrion Pharm (2.27%), and WeMade (4.90%) all rose.
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Han Ji-young, a researcher at Kiwoom Securities, said, “Domestic large semiconductor stocks’ investment sentiment cooled due to rumors such as order cuts for servers and depreciation of server lifespan by global large tech companies including those in the U.S., but the fact that major U.S. semiconductor stocks showed simultaneous strength will help soothe anxiety.” She added, “Given the growing perception of a peak in the won-dollar exchange rate, attention should also be paid to the intraday supply and demand changes of foreigners, whose recent selling pressure has been weakening.”
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