Foreigners' 'Saja' Leads Slight Rise in KOSPI... Above 2430 Level

[Asia Economy Reporter Lee Jung-yoon] The KOSPI is showing a slight upward trend as foreigners maintain a buying advantage.

As of 9:19 a.m. on the 26th, the KOSPI index was trading at 2430.73, up 2.16 points (0.09%) from the previous trading day. The index opened at 2436.18, up 7.61 points (0.31%), but gave back some of its gains. Individuals and institutions sold net amounts worth approximately 34.5 billion KRW and 30.9 billion KRW respectively, while foreigners alone bought net amounts worth 70 billion KRW.

[Image source=Yonhap News]

By stock, Kia rose 2.00%, recording the largest gain. It was followed by Hyundai Motor (1.81%) and Samsung Electronics (0.32%). On the other hand, Kakao (-0.96%), SK Hynix (-0.88%), Naver (NAVER) (-0.74%), and LG Chem (-0.61%) showed weakness.

By sector, transportation equipment rose 1.14%, showing strength. Steel & metals (0.77%), machinery, and insurance (0.50%) followed. Meanwhile, transportation & warehousing (-0.87%), textiles & apparel (-0.62%), pharmaceuticals (-0.42%), chemicals (-0.39%), and electrical & electronics and services (-0.11%) declined in that order.

Concerns over corporate earnings led to mixed results in the U.S. stock market. On the 25th (local time), the Dow Jones Industrial Average closed at 33,743.84, up 9.88 points (0.03%) from the previous session. The large-cap S&P 500 index ended at 4,016.22, down 0.73 points (0.02%). The tech-heavy Nasdaq index closed at 11,313.36, down 20.91 points (0.18%).

At the same time, the KOSDAQ index also rose, recording 733.94, up 1.59 points (0.22%) from the previous day. Individuals bought net amounts worth approximately 49.7 billion KRW, while foreigners and institutions sold about 36.3 billion KRW and 6.6 billion KRW respectively.

By sector, L&F rose 2.61% on expectations of benefiting from Tesla's price cuts. It was followed by Lino Industrial (1.06%), Osstem Implant (0.54%), EcoPro (0.51%), and EcoPro BM (0.20%). On the other hand, Kakao Games (-1.49%), Celltrion Pharm (-1.22%), and HLB (-0.96%) declined.

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