KOSPI Ends Slightly Higher on Institutional and Foreign Buying... KOSDAQ Declines

The KOSPI, which started off lower, rebounded and closed slightly higher. The KOSDAQ closed down over 1% as secondary battery stocks weakened following the victory of Donald Trump, the Republican presidential candidate in the U.S. election.

On the 6th, when the US presidential election main vote was underway, the KOSPI opened trading at 2,591.90 points, up 15.02 points (0.58%), and the KOSDAQ started at 757.23, rising 5.42 points. The won-dollar exchange rate fell slightly. At the Hana Bank headquarters dealing room in Euljiro, Seoul, employees were working while news related to the US presidential election was being broadcast on TV.

On the 7th, the KOSPI closed at 2564.63, up 1.12 points (0.04%) from the previous trading day (2563.51). The index started down 0.24% but narrowed its losses, rising above the 2580 level during the session before closing near the 2560 level.

In the securities market, institutions and foreigners were net buyers of 111.3 billion KRW and 95.5 billion KRW respectively, while individuals were net sellers of 234.5 billion KRW.

Top market capitalization stocks showed mixed movements. Shinhan Financial Group (1.79%), SK Hynix (0.82%), Hyundai Motor (0.48%), Samsung Electronics (0.35%), and KB Financial Group (0.11%) closed higher. Conversely, Samsung Biologics (-3.02%), Celltrion (-2.49%), LG Energy Solution (-1.15%), and Kia (-1.05%) ended lower.

The KOSDAQ index closed at 733.52, down 9.79 points (1.32%) from the previous day’s 743.31. The KOSDAQ started slightly up by 0.02% near the 740 level, dropped to the 720 level during the session, but recovered back to the 740 level.

Individuals were net buyers of 198.7 billion KRW, while foreigners and institutions were net sellers of 88.6 billion KRW and 94.1 billion KRW respectively.

Most of the top market capitalization stocks declined. Hugel (-10.44%), Enchem (-9.28%), Ligand Chem Bio (-4.94%), Samchundang Pharmaceutical (-3.32%), HLB (-3.00%), Alteogen (-2.94%), EcoPro BM (-2.45%), EcoPro (-1.87%), and HPSP (-1.40%) fell, while Classys (0.39%) closed slightly higher.

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