Foreigners 'Saja' Lift KOSPI Slightly Up... KOSDAQ Down 0.35%
The KOSPI index is slightly rising due to foreign buying pressure.
As of 10:16 AM on the 16th, the KOSPI index was trading at 2487.79, up 1.12 points (0.05%) from the previous trading day. The index opened at 2483.48, down 3.19 points (0.13%) from the previous close, but then turned upward. Individuals and institutions sold net amounts worth approximately 60 billion KRW and 20.7 billion KRW respectively, while foreigners were the sole net buyers with about 81.5 billion KRW.
Among the top market capitalization stocks, Kia (2.09%), Hyundai Motor (1.10%), Samsung Electronics (0.83%), LG Chem (0.31%), and Samsung Biologics (0.27%) rose. On the other hand, LG Energy Solution (-1.33%), NAVER (-1.22%), POSCO Holdings (-1.05%), and SK Hynix (-0.37%) declined. Samsung SDI remained flat.
By sector, textiles and apparel (0.88%), transportation equipment (0.58%), insurance (0.52%), telecommunications (0.38%), and machinery (0.29%) showed strength, while services (-0.66%), steel and metals (-0.61%), and food and beverages (-0.47%) recorded weakness.
Due to a slowdown in producer prices, the U.S. stock market closed slightly higher on the 15th (local time). The Dow Jones Industrial Average rose 163.51 points (0.47%) to 34,991.21, the large-cap-focused S&P 500 increased 7.18 points (0.16%) to 4,502.88, and the tech-heavy Nasdaq rose 9.45 points (0.07%) to close at 14,103.84.
The October Producer Price Index (PPI), a wholesale price indicator, fell 0.5% month-over-month, contrary to experts' forecast of a 0.1% increase. This is the largest decline since a 1.2% drop in April 2020. Year-over-year, the October PPI rose 1.3%, below the expected 1.9%. Considering that wholesale price increases typically pass through to consumer prices later, this PPI data is interpreted as a signal that inflationary pressures are easing.
At the same time, the KOSDAQ index fell 2.82 points (0.35%) to 806.54 from the previous close. Individuals were net buyers of about 74.8 billion KRW, while foreigners and institutions sold net amounts worth approximately 56.9 billion KRW and 11.1 billion KRW respectively.
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Among the top market capitalization stocks, Ecopro BM (-2.40%), L&F (-2.32%), and Ecopro (-2.03%) declined, while Rainbow Robotics (3.91%), JYP Ent. (2.81%), and Celltrion Pharm (1.68%) rose.
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