KOSPI Starts Slightly Higher and Maintains Steady Momentum... Recovers 2360 Level

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jaehee] On the 7th, the KOSPI index started higher and quickly recovered the 2360 level.

As of 9:30 AM that day, the KOSPI index stood at 2361.63, up 0.56% (13.20 points) from the previous trading day. The index opened at 2360.22, up 0.50% (11.79 points) from the previous trading day.

By investor type, individuals and foreigners were net sellers of 16.8 billion KRW and 5 billion KRW respectively, while foreigners were net buyers of stocks worth 21.2 billion KRW.

Among the top 10 market capitalization stocks, LG Energy Solution (-0.68%) was the only one to record a decline. Notably, semiconductor stocks such as Samsung Electronics (1.01%), SK Hynix (1.54%), and Samsung Electronics Preferred (0.75%) showed a strong trend.

Other stocks included Samsung Biologics (0.23%), Samsung SDI (0.27%), LG Chem (0.43%), Hyundai Motor (3.07%), and Kia (2.14%). NAVER remained flat.

Seo Sangyoung, Head of Media Content at Mirae Asset Securities, analyzed, "Despite the robust US stock market employment report, the rise was supported by a significant weakening of the dollar based on slowing unemployment and wage growth rates, which will have a positive impact on our stock market. In particular, the semiconductor sector led the rise due to the weak dollar, with the Philadelphia Semiconductor Index surging 4.60%, which is expected to improve investor sentiment toward semiconductor stocks."

At the same time, the KOSDAQ index stood at 698.30, up 0.64% (4.41 points). The index started trading at 696.22, up 0.34% (2.33 points) from the previous trading day.

By investor type, individuals and foreigners bought stocks worth 11.7 billion KRW and 0.2 billion KRW respectively, while institutions sold stocks worth 11.7 billion KRW.

The top 10 KOSDAQ market capitalization stocks showed mixed trends. Celltrion Healthcare (0.75%), HLB (0.80%), Kakao Games (1.28%), Pearl Abyss (2.01%), and Rino Industrial (1.22%) recorded gains, while EcoPro BM (-1.36%), L&F (-1.40%), EcoPro (-0.51%), and Chunbo (-0.76%) declined. Celltrion Pharm remained flat.

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