KOSPI Opens Up Over 1% But Falters, Drops Below 6,300
Samsung Electronics Gains While SK hynix Slips
KOSDAQ Holds Firm, Remaining in Slightly Positive Territory
On the 7th, the KOSPI started the session with a gain of over 1%. However, as the morning progressed, the index pared its early gains and subsequently turned negative.
The KOSPI opened at 6,365.07, up 1.09% from the previous day. It further climbed to as high as 6,415.60, but soon reversed course and began to decline. As of 9:38 a.m., the index stood at 6,286.18, down 0.18% from the previous day.
By investor type, both foreign investors and institutions were net buyers. In particular, after selling a net 3.8439 trillion won the previous day, foreign investors bought a net 226.3 billion won in the early session. Institutions also net purchased 92.1 billion won. On the other hand, individual investors were net sellers of 272.8 billion won.
More sectors declined than rose. Several sectors posted declines of over 1%, including insurance (-3.24%), construction (-2.46%), securities (-2.29%), metals (-2.20%), electricity & gas (-1.60%), transportation & warehousing (-1.39%), finance (-1.19%), and transportation equipment & parts (-1.06%). In contrast, sectors such as chemicals (1.99%), electrical & electronics (1.05%), entertainment & culture (0.86%), and manufacturing (0.69%) rose.
Among the top 10 stocks by market capitalization, Samsung Electro-Mechanics (2.2%), LG Energy Solution (1.8%), Samsung Electronics (1.5%), Hanwha Aerospace (1.3%), KB Financial Group (0.6%), and Samsung Biologics (0.4%) saw the largest gains. Samsung Life Insurance (-3.8%), Hyundai Motor (-2.0%), SK Square (-1.1%), and SK hynix (-1.0%) declined.
The KOSDAQ showed signs of cooling off shortly after the opening bell. The index opened at 807.62, up 0.74% from the previous day, rose to 814.80, and then retreated to 805.47 as of 9:38 a.m.
In the KOSDAQ market, domestic individual investors and institutions were net buyers by 65 billion won and 15.7 billion won, respectively. Foreign investors were net sellers of 81.8 billion won.
Unlike the KOSPI, more sectors in the KOSDAQ posted gains. The paper & wood sector rose by a notable 8.32%, followed by finance (2.87%), entertainment & culture (1.62%), electrical & electronics (1.40%), foods, beverages & tobacco (1.16%), and chemicals (0.99%). Meanwhile, machinery & equipment (-0.70%) and telecommunications (-0.45%) declined.
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Among the top 10 KOSDAQ stocks by market capitalization, EcoPro BM (4.4%), EcoPro (4.3%), PharmaResearch (3.8%), HLB (3.1%), ABL Bio (1.6%), and Alteogen (0.1%) experienced gains. In contrast, Wonik IPS (-3.1%), Rainbow Robotics (-2.3%), Jusung Engineering (-1.1%), and Leeno Industrial (-0.4%) posted declines.
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