Foreign Buying Pushes KOSPI Near 2500... KOSDAQ Also Rises

Foreigners' Net Buying for 2 Consecutive Trading Days
Semiconductor Stocks Rally
SK Hynix Rises Nearly 10%

Supported by foreign buying, the KOSPI approached the 2,500 level. The semiconductor sector showed a notable upward trend, with SK Hynix rising nearly 10%.

The KOSPI index rose for the second consecutive day, recovering to the 2,480 level and approaching a return to the 2,500 level. On the 6th, the status board in the dealing room of Hana Bank in Jung-gu, Seoul, displayed the KOSPI index and others. On this day, the KOSPI index closed at 2,488.64, up 46.72 points (1.91%) from the previous session, while the KOSDAQ index closed at 717.96, up 12.20 points (1.73%). Photo by Jo Yong-jun

According to the Korea Exchange on the 6th, the KOSPI closed at 2,488.64, up 46.72 points (1.91%) from the previous session. In the early session, individuals were the sole net buyers but later turned to selling, while foreigners returned to buying, driving the KOSPI higher. This marked the second consecutive day of net buying by foreigners. On the day, foreigners and institutions were net buyers of 376.4 billion KRW and 63.8 billion KRW respectively in the KOSPI market, while individuals were net sellers of 541.3 billion KRW.

Most of the top market capitalization stocks rose. In particular, the semiconductor sector's rise was prominent. SK Hynix surged 9.84% to 199,800 KRW, and Samsung Electronics also rose 2.76%. This was due to expectations surrounding NVIDIA CEO Jensen Huang's keynote speech at CES. NAVER also rose more than 3%, and Samsung C&T (2.94%), Shinhan Financial Group (1.56%), Celltrion (1.55%), and LG Energy Solution (1.54%) closed higher.

Ji-won Kim, a researcher at KB Securities, analyzed, "The US Institute for Supply Management (ISM) manufacturing index, which has a high correlation with semiconductors, continued to see net buying of KOSPI cash and futures by foreigners. SK Hynix is expected to unveil samples of its 5th generation HBM new product at this CES, and news that it was selected as the top preferred stock in the semiconductor sector by global investment banks influenced the market."

Last December, the US ISM manufacturing index was recorded at 49.3, surpassing market expectations (48.4) and marking the highest level in nine months. Among the sub-indices, the new orders index, which serves as a leading indicator, exceeded the baseline for the second consecutive month at 52.2.

The KOSDAQ closed at 717.96, up 12.20 points (1.73%) from the previous day. Individuals were net buyers of 161.3 billion KRW, while foreigners and institutions were net sellers of 155.5 billion KRW and 14.5 billion KRW respectively.

Most of the top market capitalization stocks on the KOSDAQ also rose. Influenced by Tesla's rise, EcoPro BM and EcoPro increased by 3.54% and 4.61% respectively. Enchem also rose by 5%.

Ligakem Bio (0.93%), Samchundang Pharm (0.58%), and Classys (0.38%) remained slightly positive, while Alteogen (-0.94%) and Hugel (-1.31%) declined.

On the day, the won-dollar exchange rate closed at 1,469.7 won, up 1.3 won.

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