KOSPI Rises Over 1%... Foreign and Institutional Investors Buy in Tandem

Foreigners Expand 'Saja' in the Morning
Institutions Also Join Buying
Samsung Electronics Surpasses 60,000 Won
LG Energy Solution Rises 4%
Supply and Demand Expansion Mainly in Large-Cap Stocks

[Asia Economy Reporter Hwang Yoon-joo] On the morning of the 1st, the KOSPI is expanding its gains to over 1% due to combined buying by foreigners and institutions. Samsung Electronics rose more than 1%, surpassing 60,000 KRW, while LG Energy Solution jumped nearly 4%. The KOSDAQ engaged in a tug-of-war right after opening but is currently eyeing the 700 mark.

As of 11:12 AM, the KOSPI is trading at 2,323.43, up 1.30% (29.93 points) from the previous trading day. It started the day at 2,301.58, up 0.35% (7.97 points), but expanded its gains following the release of export statistics.

Unlike the early session when only foreigners were buying, both foreigners and institutions are currently net buyers of 228.8 billion KRW and 50.1 billion KRW respectively. Individuals are net sellers of 285.7 billion KRW.

Looking at the top market capitalization stocks, all are rising except Hyundai Motor and Naver. Samsung Electronics +1.18%, LG Energy Solution +3.98%, Samsung Biologics +0.23%, SK Hynix +0.48%, Samsung SDI +0.68%, LG Chem +6.07%, Kia +0.45% are on the rise. Meanwhile, Hyundai Motor is down 0.51% and Naver down 0.29%.

Samsung Electronics is seeing increased foreign demand in the morning session. Foreigners bought 15.1 billion KRW worth right after the open and are currently net buyers of 18.1 billion KRW. Notably, foreigners have been net buyers of LG Energy Solution for eight consecutive trading days since the 21st, currently purchasing 3.8 billion KRW worth.

As of 11:18 AM, the KOSDAQ is at 698.09, up 0.40% (2.76 points) from the previous day. The KOSDAQ started at 695.45, up 0.02%, but after the export statistics release, it briefly turned down before resuming its upward trend.

The KOSDAQ is effectively being driven by individuals. Individuals and foreigners are net buyers of 10.2 billion KRW and 700 million KRW respectively. Foreigners initially sold after the open but switched to buying during the morning. Institutions are net sellers of 1 billion KRW.

Among the top market capitalization stocks, most are declining except Ecopro BM, which is steady. L&F +1.07%, Kakao Games +0.38%, and Rino Industrial +1.46% are rising. Others include Cheonbo +0.14% and Rino Industrial +0.44% on the rise.

Shinhan Investment Corp Research Center’s domestic equity team analyzed, "Liquidity is concentrated in large-cap stocks, leading the KOSPI to recover the 2,300-point level. Amid FOMC watchful sentiment, foreigners are net buyers centered on semiconductors, while the KOSDAQ is rising moderately as the dollar and interest rate increases limit the upside."

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