KOSPI Closes Higher on Foreign Buying, While KOSDAQ Falls
"Gains Eroded by Geopolitical Uncertainty"
The KOSPI index closed higher on April 7, buoyed by net purchases from foreign investors. Although the KOSDAQ index started the session on an upward trajectory, it turned downward during intraday trading.
The KOSPI index ended the day at 5,494.78 points, up 44.45 points from the previous session. Semiconductor stocks, including Samsung Electronics, climbed on positive earnings and briefly pushed the index up to the 5,500 level, but subsequently declined. This reversal is attributed to profit-taking and the lingering risks in the Middle East.
Strong foreign investor buying before the close helped the index finish higher. Individual investors sold 342.7 billion won, institutions sold 414.2 billion won, while foreign investors made net purchases of 406.9 billion won.
By KOSPI sector, electrical and electronics (1.85%), manufacturing (1.29%), transportation equipment and parts (1.05%), construction (0.70%), pharmaceuticals (0.47%), textiles and apparel (0.43%), and telecommunications (0.25%) advanced. In contrast, entertainment and culture (-3.74%), securities (-1.67%), non-metals (-1.46%), insurance (-1.28%), and food, beverage and tobacco (-1.25%) declined.
Among large-cap stocks, Samsung Electronics, which announced record quarterly earnings for the first quarter, rose 1.76%. SK hynix (3.39%), Hyundai Motor (0.85%), Hanwha Aerospace (6.00%), Samsung Biologics (1.99%), and SK Square (2.46%) also posted gains. On the other hand, LG Energy Solution (-0.97%), Doosan Enerbility (-0.84%), Kia (-0.53%), and KB Financial Group (-0.81%) declined.
The KOSDAQ index finished the session at 1,036.73, down 10.64 points (1.02%) from the previous trading day. Despite starting with a gain of more than 1%, the index reversed course during the session. Individuals sold 32 billion won, institutions sold 125.2 billion won, while foreign investors were net buyers of 179.4 billion won.
Most major KOSDAQ stocks advanced, including EcoPro BM (0.80%), EcoPro (1.26%), Rainbow Robotics (0.55%), Leeno Industrial (3.98%), Kolon TissueGene (0.10%), HLB (2.15%), Peptron (2.21%), and LIG ChemBio (2.47%). However, Alteogen (-2.21%), Samchundang Pharm (-16.02%), and ABL Bio (-0.39%) fell.
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Kyungmin Lee, a research analyst at Daishin Securities, commented, "Samsung Electronics started the session above 200,000 won, surpassing expectations with an earnings surprise, but as geopolitical uncertainty became more pronounced, its gains were pared back. Sectors benefiting from Middle East risks or showing solid earnings momentum demonstrated strength."
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