Samsung Returns to '70,000 Electronics'... KOSPI Closes Higher on Foreign Investors' Buying Spree
On the 18th, the KOSPI index closed higher. Although it started lower due to selling pressure from foreigners and institutions, it turned upward in the afternoon as foreigners switched to buying. Samsung Electronics, the largest by market capitalization, reversed to an upward trend during the session and returned to the 70,000 KRW level.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023101815583920244_1697612320.jpg)
The KOSPI closed at 2,462.60, up 0.10% (2.43 points) from the previous day. It opened at 2,452.05, down 0.33% (8.12 points) from the previous day, but rebounded in the afternoon as foreigners turned to net buying.
On this day, individuals and institutions were net sellers of 277.7 billion KRW and 48.1 billion KRW, respectively. Foreigners alone were net buyers of 344.2 billion KRW. In the futures market, only foreigners bought 249.1 billion KRW, while individuals and institutions sold 86.0 billion KRW and 172.1 billion KRW, respectively.
Among the top 10 stocks by market capitalization, most closed lower. Samsung Biologics fell 2.36%, Samsung SDI 2.29%, LG Energy Solution 2.11%, and LG Chem 1.94%. In contrast, Samsung Electronics rose 1.59% from the previous day to close at 70,500 KRW, breaking out of the 60,000 KRW range. Hyundai Motor +1.75% and Kia +1.94% also closed higher.
The KOSDAQ closed at 808.89, down 1.40% (11.49 points) from the previous day. It opened at 816.92, down 0.42% (3.46 points) from the previous day, and then widened its losses. In the KOSDAQ market, foreigners and institutions sold 100.5 billion KRW and 100.7 billion KRW, respectively. Individuals alone bought 204.2 billion KRW.
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The top 10 stocks by market capitalization showed mixed results. HLB fell 3.90%, Alteogen 3.17%, Celltrion Healthcare 2.00%, and Pearl Abyss 1.34%. Only Ecopro BM +0.20%, POSCO DX +1.09%, L&F +1.31%, and SM +0.75% closed higher.
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