Yang Market Starts Slightly Higher... KOSPI Up 0.59%
Most Top Market Cap Stocks Show Gains
South Korea's two major stock markets opened with a slight upward trend. They appear to be recovering from the drop caused by the previous day's crash in the U.S. stock market.
On the 12th, the KOSPI opened at 2552.60, up 0.59% from the previous day. As of 9:15 a.m., it stood at 2553.82.
By investor type, individual investors alone showed net buying worth 97.1 billion KRW in the early session. Foreigners and institutions each showed net selling worth 67.8 billion KRW and 36.1 billion KRW, respectively.
Most sectors were on the rise. The machinery and equipment sector saw the largest increase at 1.49%. Several other sectors rose more than 1%, including general services (1.17%), electrical and electronics (1.04%), and construction (1.02%). Transportation equipment and parts (-0.74%), transportation and warehousing (-0.54%), and electricity and gas (-0.34%) showed slight declines.
Almost all of the top 10 market capitalization stocks were also on the rise. SK Hynix (1.9%), Celltrion (1.9%), LG Energy Solution (1.1%), and Samsung Electronics (0.9%) all showed gains. Only Kia (-0.3%) showed a slight decline.
The KOSDAQ also opened up 0.43% at 724.58. As of the same 9:15 a.m. time, it recorded 729.71.
In the KOSDAQ market, individual investors alone showed net buying worth 53.4 billion KRW, while foreigners and institutions showed net selling worth 39.5 billion KRW and 6.7 billion KRW, respectively.
Most sectors were on the rise. Notable increases were seen in electrical and electronics (1.58%), non-metallic minerals (1.36%), and machinery and equipment (1.36%). Only transportation and warehousing (-0.60%) and publishing and media reproduction (-0.38%) declined.
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All of the top 10 market capitalization stocks except Ligand Bio (-0.2%) were on the rise. Pharma Research (3.6%), Hugel (3.3%), EcoPro BM (2.0%), Alteogen (1.4%), and Rainbow Robotics (1.2%) were particularly strong.
On the morning of the 12th, the status board in the dealing room of Hana Bank's headquarters in Jung-gu, Seoul, displays the KOSPI, KRW/USD exchange rate, and KOSDAQ index. Photo by Yonhap News
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