KOSPI Maintains Uptrend... Continued Net Buying by Foreign Investors

On the 24th, the KOSPI opened at 2248.26, up 35.14 points (1.59%) from the previous trading day, at the Hana Bank dealing room in Jung-gu, Seoul. The won-dollar exchange rate started at 1430.0 won, down 9.8 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Junho Hwang] On the 26th, the KOSPI maintained its upward trend. Amid continued net buying by foreigners, funds are flowing into the top market capitalization stocks.

As of 2 PM on the day, the KOSPI recorded 2252.79, up 0.79% from the previous day. Foreigners engaged in bargain buying worth 413.1 billion KRW, pushing the index upward. Individuals and institutions showed net selling intentions of 328.2 billion KRW and 85.1 billion KRW respectively.

Although net buying by foreigners continues, about 277 stocks were counted as rising. Among the top market capitalization stocks, the top seven all showed upward trends. Samsung Electronics, the unwavering market leader, recorded 59,300 KRW, up 2.77% from the previous close. LG Energy Solution and Samsung SDI also rose more than 2%. Following them, SK Hynix (1.60%) and Samsung Biologics (1.24%) also showed upward momentum.

On the other hand, Hyundai Motor and Kia showed declines of -0.92% and -0.45%, respectively. On the 24th, Hyundai Motor announced that its Q3 consolidated operating profit was 1.5518 trillion KRW, a 3.4% decrease compared to the same period last year.

By sector, besides Samsung Electronics and SK Hynix, the electrical and electronics sector (2.39%) showed strength. Notable rises were seen in Hyundai Electric (4.95%) and LS Electric (3.53%). In addition to electrical and electronics, manufacturing (1.37%), machinery (0.95%), and medical precision (0.91%) sectors also rose.

Unlike the KOSPI, the KOSDAQ showed a downward trend. It recorded 685.94, down 0.42% from the previous close. On the KOSDAQ, foreigners and institutions showed net selling intentions of 81.8 billion KRW and 31.9 billion KRW respectively. Meanwhile, individuals showed net buying intentions of 110.5 billion KRW.

Among the top market capitalization stocks, Kakao Games rose 2.25%, and L&F (1.71%) and EcoPro BM (0.77%) also showed upward trends.

The KRW/USD exchange rate recorded 1,427.40 KRW, down 0.40% from the previous day, influenced by the overnight dollar weakness and the yuan appreciation announcement.

Lee Kyung-min, a researcher at Daishin Securities, analyzed, "Among the economic indicators released in the U.S., the decline in housing prices has formed expectations of easing inflationary pressure. Additionally, the Conference Board Consumer Confidence Index (102.5) fell significantly short of expectations, which, combined with the possibility of a visible economic hard landing, led to expectations of a slowdown in tightening, positively affecting investor sentiment."

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