KOSPI Recovers Above 2300 on Institutional 'Buying'... "Led by Samsung Electronics and SK Hynix Gains"

KOSDAQ Rises 0.43% on Net Buying by Foreigners and Institutions

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The KOSPI index closed higher due to large-scale buying by institutions, recovering the 2300 level.

As of the 11th, the KOSPI index closed at 2301.56, up 23.57 points (1.03%) from the previous trading day. The index started the day at 2292.89, up 14.90 points (0.65%), and rose as high as 2312.15. Although it had fallen to 2277.99 based on the previous session's closing price, it recovered the 2300 level in just one trading day. Individuals and foreigners sold net amounts worth approximately 379.3 billion KRW and 127.5 billion KRW respectively, while institutions were the sole net buyers with about 464.4 billion KRW.

Among the top market capitalization stocks, SK Hynix (3.44%), Samsung Electronics (2.54%), Kia (0.65%), Hyundai Motor (0.35%), and Naver (NAVER) (0.16%) rose. On the other hand, POSCO Holdings (-2.19%), LG Energy Solution (-2.08%), LG Chem (-2.05%), and Samsung Biologics (-0.85%) declined. Samsung SDI remained flat.

By sector, food and beverage (3.18%), securities (2.12%), medical precision (2.02%), electrical and electronics (1.67%), and transportation equipment (1.20%) showed strength, while paper and wood (-3.77%), steel and metals (-1.42%), electric and gas (-0.45%), pharmaceuticals (-0.26%), and textiles and apparel (-0.13%) showed weakness.

The KOSDAQ index closed at 739.23, up 3.13 points (0.43%) from the previous session. Individuals were the sole net sellers with about 85.9 billion KRW, while foreigners and institutions were net buyers with approximately 32.0 billion KRW and 49.4 billion KRW respectively.

Among the top market capitalization stocks, JYP Ent. (2.53%), Alteogen (0.64%), Celltrion Healthcare (0.60%), and HLB (0.52%) rose. Conversely, EcoPro BM (-3.87%), EcoPro (-3.71%), POSCO DX (-3.36%), Pearl Abyss (-3.35%), Rainbow Robotics (-0.99%), and L&F (-0.77%) declined.

Kim Seok-hwan, a researcher at Mirae Asset Securities, explained, "Exports in October turned positive for the first time in 13 months, and the trade balance recorded a surplus for five consecutive months. The strong performance in automobile and ship exports and the reduced decline in semiconductor exports are also positive."

He added, "The strength of Samsung Electronics and SK Hynix led the KOSPI's rise. Secondary batteries continued to weaken as investment sentiment was dampened by concerns over slowing electric vehicle demand."

Meanwhile, the USD/KRW exchange rate closed at 1357.3 KRW, up 6.8 KRW from the previous day. The yen weakened due to limited policy adjustments by the Bank of Japan (BOJ), resulting in a stronger dollar. Additionally, as market participants awaited the results of the U.S. Federal Open Market Committee (FOMC) meeting, the rate fluctuated in the mid-to-high 1350 KRW range in the afternoon.

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