KOSPI and KOSDAQ Rise Together... Exchange Rate Starts Slightly Lower

[Asia Economy Reporter Minji Lee] The won-dollar exchange rate started lower in the foreign exchange market, while the KOSPI and KOSDAQ indices are on the rise.

At 9:11 a.m. on the 6th, the KOSPI was at 2414.73, up 0.46% (11.05 points) from the previous day. The KOSPI opened at 2409.72, up 0.25% (6.04 points) from the previous trading day, and continued its upward trend. Currently, individual investors are maintaining a net buying trend in the stock market. Individuals bought stocks worth 29.2 billion KRW alone, while foreigners and institutions sold stocks worth 22.6 billion KRW and 5.2 billion KRW, respectively.

On the same day, the won-dollar exchange rate started at 1369.0 KRW, down 2.4 KRW from the previous day. This is analyzed to have calmed the additional rise in the won-dollar exchange rate after the People's Bank of China decided to cut the foreign exchange reserve requirement ratio by 200 basis points to defend against yuan depreciation the day before. Kim Seok-hwan, a researcher at Mirae Asset Securities, said, “China strongly appealed that it has sufficient monetary policy capacity and sought market stabilization, and confirmed its willingness to stimulate by jointly announcing various stimulus measures to recover the weakened domestic demand, which is favorable for the domestic stock market.”

Looking at the top market capitalization stocks, Samsung Electronics traded at 57,200 KRW, up 0.18% from the previous trading day. SK Hynix (1.10%), Samsung Biologics (0.12%), Hyundai Motor (0.25%), and Samsung SDI (0.18%) rose, while LG Energy Solution (-0.31%), LG Chem (-1.14%), and Kia (-0.25%) fell.

At the same time, the KOSDAQ index was at 777.53, up 0.8% (6.15 points) from the previous trading day. The KOSDAQ index opened at 774.23, up 0.36% (2.80 points) from the previous trading day. Regarding investor trends, institutions alone bought stocks worth 5.1 billion KRW, while foreigners and individuals sold stocks worth 2.8 billion KRW and 2.1 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare traded at the same price as the previous day, 69,200 KRW, while EcoPro BM (1.46%), L&F (0.90%), HLB (1.28%), Kakao Games (0.60%), EcoPro (0.55%), Alteogen (1%), and Studio Dragon (0.27%) rose. Pearl Abyss (-0.91%) and Celltrion Pharm (-0.27%) fell.

Han Ji-young, a researcher at Kiwoom Securities, said, “Since the high exchange rate zone above 1300 KRW is likely to continue for the time being, it is appropriate to pay attention to exporters and order-receiving companies such as automobiles and electrical/electronics that can benefit from additional exchange rate effects in overseas markets.”

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