Foreigners 'Saja' Navigate Smoothly as KOSPI Returns to 2490 Level... Semiconductor Stocks Rally

[Image source=Yonhap News]

[Asia Economy Reporter Myung-Hwan Lee] On the morning of the 26th, the KOSPI continued its upward trend in the market, returning to the 2490 level. Foreign investors are driving the index rise by purchasing more than 100 billion KRW in the securities market.

As of 10:52 a.m., the KOSPI is at 2490.34, up 0.53% (13.08 points) from the previous trading day. The KOSPI opened at 2489.14, up 0.48% (11.88 points) from the previous day, and has maintained its gains.

In the securities market, individual and institutional investors are net selling 117.3 billion KRW and 8.6 billion KRW respectively. In contrast, foreign investors are solely buying 116 billion KRW.

The net buying by foreigners is interpreted as a rebound expectation due to the perception that the Korean won is at a low point. Ji-Young Han, a researcher at Kiwoom Securities, analyzed the domestic stock market, saying, "We expect a favorable stock price trend supported by foreign investors' friendly demand due to expectations of resolving the overshooting of the weak Korean won and the strong performance of the U.S. Philadelphia Semiconductor Index."

Among the top market capitalization stocks in the securities market, semiconductor-related sectors show noticeable gains. This is attributed to the rebound of the U.S. Philadelphia Semiconductor Index the previous day. Samsung Electronics traded at 60,300 KRW, up 1.01% (600 KRW) from the previous day, returning to the 60,000 KRW level. SK Hynix also rose 1.70% (1,600 KRW) to trade at 95,700 KRW. Other stocks such as LG Chem (1.30%), LG Energy Solution (1.09%), Kakao (0.92%), Samsung Biologics (0.71%), and Hyundai Motor (0.52%) are also on the rise. Naver (NAVER) is trading at the same price as the previous day, 244,500 KRW.

By industry, machinery (1.39%), electrical and electronics (1.19%), and construction (1.18%) are leading the gains. Telecommunications (-0.72%) and non-metallic minerals (-0.46%) are declining.

At the same time, the KOSDAQ index is at 810.72, up 0.41% (3.35 points) from the previous trading day. The KOSDAQ opened at 810.33, up 0.37% (2.96 points) from the previous day, maintaining its upward momentum.

In the KOSDAQ market, individual and institutional investors are net buying 46.4 billion KRW and 1.7 billion KRW respectively. Meanwhile, foreign investors are selling 43.5 billion KRW.

Top market capitalization stocks on the KOSDAQ are partially giving back the previous day's gains. Alteogen (-1.92%), EcoPro (-1.76%), Celltrion Healthcare (-1.48%), and L&F (-1.43%) are all down more than 1%. On the other hand, HLB is trading at 48,150 KRW, up 2.77% (1,300 KRW) from the previous day, and Studio Dragon is also up 1.05% (800 KRW) at 76,800 KRW.

Among KOSDAQ sector indices, transportation equipment and parts (1.39%), chemicals (1.31%), and semiconductors (1.25%) are rising. Distribution (-0.45%) and digital content (-0.15%) are slightly down.

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