Foreign Buyers Maintain Firm Gains... Samsung Electronics Rises Despite Earnings Shock

KOSPI and KOSDAQ Start Lower Compared to Previous Day
Focus on Semiconductor Stocks Led by Samsung Electronics

[Asia Economy Reporter Kwangho Lee] The domestic stock market started lower but is showing a firm tone due to net buying by foreigners. Large semiconductor stocks are leading the index with strong performance. Meanwhile, Samsung Electronics is rising along with SK Hynix despite posting earnings below expectations.

As of 9:17 a.m. on the 6th, the KOSPI index stands at 2,261.31, down 3.34 points (-0.15%) from the previous trading day. Foreigners are net buyers with 42.9 billion KRW, while institutions are net sellers with 30.7 billion KRW. Individuals are showing a selling bias of 10.5 billion KRW.

By sector, the electrical and electronics sector is holding firm. Food and beverages, paper and wood, chemicals, pharmaceuticals, non-metallic minerals, steel and metals, transportation equipment, distribution, electricity and gas, finance, securities, insurance, services, and manufacturing sectors are slightly down. Textile and apparel, medical precision, and construction sectors are down by around 1%.

[Image source=Yonhap News]

Among the top market capitalization stocks, Samsung Electronics, SK Hynix, and POSCO Holdings are up by around 1%, while LG Chem, Naver, and Kakao are holding firm. Samsung Biologics, Samsung SDI, Kia, and Celltrion are slightly down, and LG Energy Solution is down by about 1%.

On this day, Samsung Electronics announced annual sales of 301.77 trillion KRW and operating profit of 43.37 trillion KRW for the previous year. Although both the fourth-quarter and annual earnings fell short of the securities analysts’ consensus, the stock price is strong due to expectations of industry improvement.

The KOSDAQ index is at 679.13, down 0.79 points (-0.12%) from the previous trading day. Foreigners and institutions are net sellers with 7.7 billion KRW and 7.4 billion KRW respectively, while individuals are net buyers with 17.4 billion KRW.

The internet sector is up by about 1%. Broadcasting services, computer services, telecommunications equipment, information devices, semiconductors, IT components, paper and wood, publishing and reproduction, non-metallic minerals, medical precision instruments, and transportation sectors are holding firm. Entertainment culture, telecommunications services, digital content, food and tobacco, textiles and apparel, pharmaceuticals, metals, general electrical and electronics, construction, and distribution sectors are slightly down.

Among the top market capitalization stocks, Rino Industrial is up by about 1%, while L&F, HLB, and Studio Dragon are holding firm. EcoPro BM, Celltrion Healthcare, Kakao Games, EcoPro, Celltrion Pharm, and JYP Ent. are slightly down.

Meanwhile, in the Seoul foreign exchange market, the USD/KRW exchange rate is trading at 1,271.6 KRW, up 2.2 KRW from the previous day.

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