by Lee Seonae
Published 19 Apr.2022 09:26(KST)
[Asia Economy Reporter Lee Seon-ae] On the 19th, as the KOSPI and KOSDAQ indices started higher, the top 10 market capitalization stocks in both markets all turned red.
Samsung Electronics, the largest market cap leader in KOSPI, which had been losing face with consecutive new lows, showed a 1.80% rise as of 9:23 AM due to inflows of bargain buying. LG Energy Solution (0.81%), SK Hynix (2.29%), Naver (0.98%), and Kakao (1.38%) all showed upward trends.
The KOSDAQ market was similar. Except for Cheonbo, all of the 10 stocks showed gains. In particular, L&F's increase rate of 3.50% demonstrated the most dynamic upward momentum. On the other hand, Cheonbo declined by about 2.40%.
Meanwhile, on this day, KOSPI opened at 2707.76, up 14.55 points (0.54%), and KOSDAQ opened at 922.60, up 4.37 points (0.48%). Despite the U.S. stock market facing issues such as rising treasury yields and a strong dollar amid interest rate hike concerns, the ongoing earnings season has led investors to focus on individual stock issues, resulting in a temporary intraday rebound, which is positive for the Korean stock market. In particular, the Philadelphia Semiconductor Index rose 1.88% on positive outlooks related to the data center industry, which is favorably affecting the supply-demand environment of related sectors in the domestic market.
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