KOSPI and KOSDAQ Slightly Rise in Early Trading... Samsung Electronics Returns to 59,000 Won Level

[Image source=Yonhap News]

[Asia Economy Reporter Myung-hwan Lee] On the 11th, the KOSPI started with a firm tone and is slightly rising in the early session. Foreign investors are showing net buying in the KOSPI market, while selling more than 70 billion KRW in the KOSDAQ market.

As of 9:20 a.m., the KOSPI is at 2,357.23, up 0.28% (6.62 points) from the previous trading day. The KOSPI opened at 2,357.43, up 0.29% (6.82 points) from the previous day, but soon turned downward before rebounding again.

By investor type, individuals and foreigners are net buyers of 32.1 billion KRW and 20.4 billion KRW respectively, while institutions alone are net sellers of 55.6 billion KRW.

Top market capitalization stocks in the KOSPI market are showing mixed trends by stock. Samsung Electronics is trading at 59,300 KRW, up 1.02% (600 KRW) from the previous day, returning above the 59,000 KRW level. Automakers such as Kia (3.26%) and Hyundai Motor (1.69%) are also rising significantly. SK Hynix (0.21%), Samsung Biologics (0.73%), Samsung Electronics Preferred (0.37%), and Samsung SDI (0.19%) are also on the rise. On the other hand, LG Energy Solution (-0.13%), LG Chem (-3.70%), and Naver (NAVER) (-1.61%) are declining.

By sector, Medical Precision (6.40%) is rising sharply, while Pharmaceuticals (1.91%), Transportation Equipment (1.41%), and Telecommunications (1.35%) are showing gains above 1%. Conversely, Transportation & Warehousing (-1.35%) and Chemicals (-1.08%) are declining.

At the same time, the KOSDAQ index is at 767.29, up 0.11% (0.81 points) from the previous day. The KOSDAQ also opened at 767.89, up 0.18% (1.41 points) from the previous day, but soon fell before rebounding.

By investor type, individuals are the sole net buyers with 87.6 billion KRW, while foreigners are net sellers of 75.4 billion KRW. Institutions are also selling 10.6 billion KRW.

Among the top market capitalization stocks in KOSDAQ, Seegene stands out with a 5.37% (2,400 KRW) rise to 47,100 KRW. Celltrion Healthcare (1.40%), HLB (1.36%), Celltrion Pharm (0.38%), and EcoPro BM (0.17%) are also rising. On the other hand, Pearl Abyss is down sharply by 3.99% (2,100 KRW) to 50,500 KRW. L&F (-1.03%), Kakao Games (-0.61%), and Studio Dragon (-0.54%) are also declining.

By KOSDAQ sector, Pharmaceuticals (2.19%) show notable gains, along with Transportation Equipment & Parts (1.76%) and Other Services (0.84%). Food & Tobacco (-0.92%) and Digital Content (-0.75%) are declining.

Seo Sang-young, Head of Media Content at Mirae Asset Securities, commented on the domestic stock market, "Although the U.S. stock market closed mixed in a narrow range due to solid employment data, easing recession concerns will have a positive impact on the domestic market." However, he added, "Uncertainties remain regarding the U.S. Consumer Price Index (CPI) results on the 13th and the possibility of a 0.5 percentage point base rate hike at the Bank of Korea’s Monetary Policy Committee meeting on the same day, which will limit the upside."

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