KOSPI Gains Intraday on Joint Buying by Institutions and Foreigners

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The KOSPI index is showing an intraday upward trend, supported by simultaneous buying from institutions and foreigners.

As of 10:21 a.m. on the 23rd, the KOSPI index is trading at 2681.44, up 17.17 points (0.64%) from the previous day. By investor type, institutions and foreigners are net buyers with 26.8 billion KRW and 82 billion KRW respectively, while individuals are net sellers with 106.8 billion KRW.

The New York stock market hit an all-time high the previous day, driven by the AI fever centered on Nvidia. This led to improved investor sentiment across the semiconductor sector, with the Philadelphia Semiconductor Index rising more than 5%, and the S&P technology sector increasing over 4%, marking the largest daily gain since May 25 of last year.

Influenced by this, the KOSPI index started higher and expanded its gains in the early session as net buying from institutions and foreigners flowed in.

By sector, more sectors are rising. The insurance sector is up 3.45%, securities 2.38%, finance 2.16%, medical precision 1.89%, electric and gas utilities 1.1%, pharmaceuticals 1.21%, and electrical and electronics 0.61%. On the other hand, the chemical sector is down 0.76%, paper and wood -0.5%, and telecommunications -0.28%.

Among the top market capitalization stocks, performance is mixed. Samsung Electronics and SK Hynix are up 0.14% and 3.71% respectively, LG Energy Solution 0.12%, Hyundai Motor 0.41%, Celltrion 3.17%, POSCO Holdings 0.46%, and Samsung C&T 0.98% are also rising. Conversely, Samsung Biologics is down 0.49%, Kia -0.5%, LG Chem -1.77%, and NAVER -0.5% are weak.

The KOSDAQ index started higher but fell in the early session due to selling by institutions and foreigners, then reversed to a slightly positive range supported by net buying from individuals.

At the same time, the KOSDAQ index is trading at 873.8, up 3.59 points (0.41%) from the previous day. By investor type, institutions and foreigners are net sellers with 75.6 billion KRW and 102.7 billion KRW respectively, while individuals are net buyers with 223 billion KRW.

Among the top market capitalization stocks, performance is mixed. Ecopro BM and Ecopro are down 0.4% and 0.5% respectively, Enchem -5.94%, HPSP -0.35%, Rainbow Robotics -1.4%, and Lino Industrial -1.96% are weak. On the other hand, Alteogen surged 28.19%, HLB 3.97%, Celltrion Pharm 6.47%, and Shinsung Delta Tech 0.29% are strong.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1329.1 won, up 0.4 won from the previous day.

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