KOSPI Shows Early Strength... Semiconductor Stocks Rally
[Asia Economy Reporter Minji Lee] The KOSPI is showing mixed trends, fluctuating between declines and gains in the early trading session.
As of 9:18 a.m. on the 21st, it stands at 2218.50, up 0.02% (0.41 points) from the previous trading day. The KOSPI opened at 2210.59, down 0.34% (7.50 points) from the previous day, and has since shown mixed movements. Currently, foreigners have purchased stocks worth 8.9 billion KRW, and individuals have bought stocks worth 11.8 billion KRW. Institutions alone sold stocks worth 24 billion KRW.
Looking at the top market capitalization stocks, Samsung Electronics (0.18%) and SK Hynix (0.22%) are on the rise. This appears to be due to the strong performance of semiconductor stocks in the U.S. stock market. Additionally, Samsung Biologics (1.08%), Samsung SDI (5.66%), and LG Chem (1.23%) also increased. Conversely, LG Energy Solution (-1.01%), Hyundai Motor (-1.10%), Kia (-0.58%), and NAVER (-1.78%) declined.
At the same time, the KOSDAQ index is at 679.88, down 0.08% (0.56 points) from the previous trading day. The index opened at 678.16, down 0.34% (2.28 points) from the previous day, but the decline is narrowing. Currently, individuals alone have purchased stocks worth 44.8 billion KRW, while foreigners and institutions sold stocks worth 27 billion KRW and 15.3 billion KRW, respectively.
Among the top market capitalization stocks, shares related to secondary battery materials are gaining momentum. EcoPro BM rose 4.08%, and L&F (1.71%), EcoPro (2.73%), and Cheonbo (1.25%) also increased. Meanwhile, Celltrion Healthcare (-0.95%), HLB (-3.93%), Kakao Games (-0.27%), Pearl Abyss (-0.62%), and Celltrion Pharm (-0.95%) declined.
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Seosangyoung, a researcher at Mirae Asset Securities, said, “The decline in the U.S. stock market due to rising Treasury yields is a burden on the Korean stock market, but it should be considered that supply and demand factors ahead of the options expiration date were reflected in the U.S. market. Attention should be paid to the fact that some semiconductor-related stocks showed strength amid expectations of earnings improvement and a bottoming out of the industry.”
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