KOSPI Ends Above 2570 on Foreign and Institutional 'Buying'... "Waiting Ahead of June CPI"

The KOSPI index closed higher for the second consecutive trading day as foreigners and institutions recorded net buying dominance.

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On the 12th, the KOSPI index closed at 2,574.72, up 12.23 points (0.48%) from the previous trading day. The index opened at 2,557.61, down 4.88 points (0.19%), and fell to 2,554.26 before turning upward. Individuals sold a net amount worth approximately 254.1 billion KRW. Foreigners and institutions bought net amounts of about 215.8 billion KRW and 30.4 billion KRW, respectively.

Among the top market capitalization stocks, POSCO Holdings rose 5.83%, Naver (NAVER) 2.33%, SK Hynix 1.76%, Samsung Biologics 0.97%, Samsung Electronics 0.56%, and Samsung SDI 0.44%. LG Energy Solution fell 2.91% due to concerns over supply pressure from LG Chem exchangeable bonds (EB) issuance. Hyundai Motor (-1.69%), LG Chem (-0.15%), and Kia (-0.11%) also declined.

By sector, steel and metals (3.87%), textiles and apparel (2.17%), transportation and warehousing (1.95%), pharmaceuticals (1.68%), and paper and wood (1.47%) showed strength. Insurance (-0.60%), securities (-0.32%), machinery (-0.23%), construction (-0.15%), and transportation equipment (-0.04%) declined.

Kim Seok-hwan, a researcher at Mirae Asset Securities, explained, "Ahead of the U.S. June Consumer Price Index (CPI) announcement, a wait-and-see stance prevailed," adding, "Expectations for price stability and the increased possibility of the Bank of Japan (BOJ) adjusting its monetary policy led to an expanded yen appreciation." The won-dollar exchange rate closed at 1,288.7 won, down 5.0 won from the previous day. The yen-dollar exchange rate showed strength, falling to the 139 yen level. If the June CPI confirms a slowdown, the Federal Reserve's hawkish stance may weaken, leading to dollar depreciation.

The KOSDAQ index closed at 879.88, up 1.15 points (0.13%) from the previous trading day. The index fell to 873.91 but then rose above the 880 level, showing an upward trend. Individuals bought a net amount worth 285.3 billion KRW, while foreigners and institutions sold net amounts of approximately 193.8 billion KRW and 94.6 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Pharm rose 13.98%, POSCO DX 6.17%, Celltrion Healthcare 5.69%, JYP Ent. 0.52%, and HLB 0.16%. EcoPro and EcoPro BM fell 5.74% and 5.42%, respectively, and L&F also declined 1.69%. Pearl Abyss remained flat.

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