KOSPI Shows Resilience with 0.15% Rise Amid Powell Concerns... Foreign Investors Turn to Net Buying

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] On the morning of the 4th, the KOSPI index, which had been engaged in a tug-of-war throughout the trading session, reversed to an upward trend due to a shift to net buying by foreigners.

As of 10:50 a.m. that day, the KOSPI index was trading at 2332.76, up 0.15% (3.59 points) from the previous trading day. The index started the session at 2325.85, down 0.14% (3.32 points) from the previous trading day, and fluctuated throughout the morning session.

By investor type, individuals and foreigners were net buyers of 174.9 billion KRW and 13 billion KRW respectively, while institutions were net sellers of 180.5 billion KRW.

Among the top 10 stocks by market capitalization, SK Hynix (-0.12%) recorded a decline, while Samsung Electronics, Samsung Electronics Preferred, and Samsung Biologics remained flat. The other stocks all showed gains, including LG Energy Solution (1.02%), Samsung SDI (0.14%), LG Chem (0.29%), Hyundai Motor (0.31%), NAVER (2.37%), and Kia (0.62%).

Han Ji-young, a researcher at Kiwoom Securities, analyzed, "Despite the weakness in the U.S. stock market the previous day, our market showed relative strength in cyclical sectors due to individual issues, so the downward pressure on stock prices in the domestic market will vary depending on individual earnings."

By sector, insurance (1.25%), telecommunications (1.10%), machinery (0.95%), transportation and warehousing (0.84%), transportation equipment (0.77%), distribution (0.73%), and medical precision (0.72%) recorded gains, while paper and wood (-0.95%), steel and metals (-0.81%), textiles and apparel (-0.55%), chemicals (-0.50%), and pharmaceuticals (-0.35%) declined.

At the same time, the KOSDAQ index was at 688.74, down 0.78% (5.39 points) from the previous trading day. The KOSDAQ started the session at 691.69, down 0.35% (2.44 points) from the previous trading day.

By investor type, individuals were the sole net buyers with 220.1 billion KRW, while foreigners and institutions were net sellers of 112.7 billion KRW and 93.8 billion KRW respectively.

The top 10 stocks by market capitalization showed mixed trends. EcoPro BM (0.09%), L&F (0.37%), EcoPro (0.72%), Pearl Abyss (1.75%), and Cheonbo (7.78%) recorded gains, while Celltrion Healthcare (-1.18%), HLB (-0.93%), Kakao Games (-1.47%), Celltrion Pharm (-1.52%), and Rino Industries (-4.31%) declined.

By sector, other manufacturing (1.45%), general electric and electronics (0.29%), IT components (0.27%), and chemicals (0.23%) recorded gains, while internet (-1.83%), semiconductors (-1.72%), entertainment and culture (-1.56%), information devices (-1.49%), and food, beverages, and tobacco (-1.33%) declined.

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