KOSPI and KOSDAQ Start Strongly Higher... Semiconductor Stocks Rally
[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are showing strong gains in the early trading session.
As of 9:23 a.m. on the 18th, the KOSPI stood at 2,359.04, up 1.20% (28.06 points) from the previous trading day. The index opened at 2,350.48, up 0.84% (19.50 points) from the previous day, and has continued its upward trend.
Looking at investor trends, foreign investors continued their net buying by purchasing stocks worth 79.3 billion KRW. Individuals and institutions sold stocks worth 34.1 billion KRW and 36.9 billion KRW, respectively.
Among the top market capitalization stocks, Samsung Electronics traded at 60,600 KRW, up 1% from the previous day. Other stocks showing gains included SK Hynix (1.82%), Hyundai Motor (1.09%), NAVER (4.33%), Kia (0.51%), and Kakao (2.14%), while LG Energy Solution (-0.87%), Samsung Biologics (-1.47%), Samsung SDI (-0.18%), and LG Chem (-0.78%) declined.
At the same time, the KOSDAQ index stood at 771.14, up 1.15% (8.75 points) from the previous day. The KOSDAQ also opened at 770.29, up 1.04% (7.90 points) from the previous day, and maintained its upward momentum.
Regarding investor trends, only institutions bought stocks worth 17.4 billion KRW, while foreign investors and individuals sold stocks worth 13.6 billion KRW and 3.7 billion KRW, respectively.
Among the top market capitalization stocks, Celltrion Healthcare (0.43%), Kakao Games (0.81%), Pearl Abyss (0.58%), Celltrion Pharm (0.91%), Alteogen (0.15%), Seegene (0.22%), and CJ ENM (2.21%) rose. Conversely, EcoPro BM (-2.33%), L&F (-1.06%), and HLB (-1.87%) declined.
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Seosangyoung, a researcher at Mirae Asset Securities, said, “The U.S. stock market rose last weekend as concerns about a recession, the possibility of easing inflation, and fears of aggressive rate hikes by the Federal Reserve eased, which is positive for the domestic stock market,” and predicted, “The semiconductor sector will show strength.”
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