Semiconductor and Secondary Battery Strength... KOSPI and KOSDAQ Close Higher Together

On the 12th, both the KOSPI and KOSDAQ closed higher.

On that day, the KOSPI index closed at 2479.82, up 29.74 points (1.21%) from the previous trading day. Individual and foreign investors sold 185.1 billion KRW and 60.7 billion KRW respectively, while institutions net bought 254.3 billion KRW.

[Image source=Yonhap News]

Most of the top market capitalization stocks in the KOSPI market closed higher, with Samsung Electronics finishing at 68,900 KRW, up 1.03% from the previous day. During the session, the price briefly rose to 69,700 KRW, approaching the '70,000 Electronics' threshold, but the gains narrowed in the afternoon.

SK Hynix also closed strong, rising 4.19% to 124,200 KRW. Samsung SDI ended the day up 4.7% at 535,000 KRW. Samsung SDI's stock surged following the announcement that it, along with global automaker Stellantis, decided on a site for a joint electric vehicle battery plant in Kokomo, Indiana, USA.

Kim Seok-hwan, a researcher at Mirae Asset Securities, said, "Following the slowdown in interest rate hikes and the drop in oil prices, major New York indices closed higher, and the domestic stock market is continuing its upward trend. In particular, the KOSDAQ showed strength in secondary battery and entertainment stocks."

The KOSDAQ index closed at 835.49, up 18.37 points (2.25%) from the previous session. Individuals and institutions net bought 74.3 billion KRW and 24.7 billion KRW respectively, while foreigners net sold 90.7 billion KRW.

The top market capitalization group in KOSDAQ saw a broad surge in secondary battery-related stocks. Posco DX rose 12.75%, followed by L&F (5.20%), EcoPro BM (4.31%), and EcoPro (3.56%). JYP Ent. also gained 6.23%.

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,338.5 KRW, down 0.2 KRW from the previous day.

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