Semiconductor and Secondary Battery Stocks Rally... Kospi Starts Higher
On the 12th, the KOSPI and KOSDAQ indices both started higher.
As of 9:05 a.m. that day, the KOSPI index was at 2,468.49, up 18.41 points (0.75%) from the previous trading day. Individual investors were net buyers of 23.2 billion KRW, while foreigners and institutions were net sellers of 8 billion KRW and 14.8 billion KRW, respectively.
Among the top market capitalization groups in the KOSPI market, Samsung Electronics continued its strong performance for the second consecutive day. Samsung Electronics' stock price was trading early in the session at 69,200 KRW, up 1.47%. Other stocks such as SK Hynix (2.35%), Samsung SDI (2.94%), and LG Chem (1.74%) were also showing early gains.
Han Ji-young, a researcher at Kiwoom Securities, said, "With WTI crude oil prices falling to the $83 range and the U.S. 10-year Treasury yield dropping to the 4.5% range, the U.S. stock market is expected to start higher, led by growth stocks. However, caution ahead of the U.S. Consumer Price Index (CPI) announcement scheduled for the evening and volatility in supply and demand due to options expiration day are expected to limit the upper range of the index." She added, "From an industry perspective, it will be interesting to watch which side gains the upper hand in the supply and demand leadership competition between the two leading sectors in the domestic stock market that showed simultaneous strength the previous day: semiconductors and secondary batteries."
At the same time, the KOSDAQ index was trading at 827.06, up 9.94 points (1.22%) from the previous close. Individual investors were net buyers of 69.2 billion KRW, while foreigners and institutions were net sellers of 62.9 billion KRW and 6.2 billion KRW, respectively.
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Among the top market capitalization groups in KOSDAQ, secondary battery-related stocks were strong, supported by individual net buying. Ecopro BM (4.93%) and Ecopro (4.27%) both showed early gains of over 4%. On the other hand, Alteogen fell 4.23% early in the session.
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