Institution 'Saja' leads KOSPI to firm positive close... SK Hynix down over 4%

On the 28th, the KOSPI opened at 2,276.73, down 12.05 points (0.53%) from the previous trading day, at the Hana Bank headquarters dealing room in Jung-gu, Seoul. The won-dollar exchange rate started at 1,423.0 won, up 6.0 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Myung-Hwan Lee] On the 28th, the KOSPI, which started lower, is showing a firm upward trend during the morning session, supported by buying from institutional investors. The KOSDAQ index is also reducing its losses and moving within a stable range.

As of 10:57 AM, the KOSPI stands at 2290.14, up 0.06% (1.36 points) from the previous trading day. The KOSPI opened at 2276.73, down 0.53% (12.05 points) from the previous day, gradually narrowing its losses before turning to a firm upward trend.

Looking at investors by type, institutional investors in the securities market are driving the index by purchasing stocks worth 132 billion KRW. On the other hand, foreign investors, who had been net buyers for the past five trading days, turned to net sellers for the first time in six days by selling stocks worth 132 billion KRW. Individual investors, who were net buyers early in the session, are also selling stocks worth 64.5 billion KRW.

Among the top market capitalization stocks, SK Hynix is trading at 85,600 KRW, down 4.89% (4,400 KRW) from the previous day. SK Hynix is believed to be affected by a more than 60% drop in operating profit in the third quarter compared to the same period last year, as well as the broad weakness in technology stocks on the US stock market. Other semiconductor stocks such as Samsung Electronics (-1.85%) and Samsung Electronics Preferred (-1.87%) are also declining. In contrast, secondary battery-related stocks like LG Chem (3.34%), LG Energy Solution (1.11%), and Samsung SDI (0.69%), as well as finished car manufacturers Hyundai Motor (1.85%) and Kia (1.21%), are on the rise.

By sector, transportation equipment (2.37%), textiles and apparel (2.34%), and insurance (1.61%) are showing gains. Meanwhile, the electrical and electronics sector is down more than 1% at -1.19%.

At the same time, the KOSDAQ index is at 695.27, up 0.03% (0.18 points) from the previous day. The KOSDAQ opened at 690.71, down 0.63% (4.38 points), then narrowed its losses and is attempting to turn to a firm upward trend.

Institutional investors who are net buyers in the KOSPI are selling stocks worth 49.9 billion KRW in the KOSDAQ. Foreign investors are also net sellers with 23 billion KRW. In contrast, individual investors are buying stocks worth 79.5 billion KRW.

Secondary battery-related stocks are also rising in the KOSDAQ market. L&F is trading at 225,800 KRW, up 5.27% (11,300 KRW) from the previous day, and EcoPro BM is up 3.79% (4,200 KRW) at 115,100 KRW. Cheonbo is also on the rise at 1.61%. On the other hand, entertainment stocks such as Studio Dragon (-1.58%) and Pearl Abyss (-0.84%) are declining.

By KOSDAQ sector, paper and wood (3.41%) and general electrical and electronics (2.08%) are showing strong gains, while publishing and media replication (-3.12%) and digital content (-2.44%) are experiencing significant declines.

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