"'Prices Look Good': Foreign Investors Scoop Up Samsung Electronics and SK hynix Again... KOSPI Rises More Than 2%"
KOSPI Reclaims 6,170
Foreign Investors and Institutions Both Join the 'Buy' Side
KOSDAQ Fluctuates Around 830
The KOSPI, which has recently suffered a sharp decline, was up more than 2% on the morning of Oct. 14, supported by gains in major semiconductor stocks.
As of 9:30 a.m., the KOSPI was trading at 6,176.74, up 141.39 points (2.34%) from the previous trading day. The index opened at 6,062.08, up 26.73 points (0.44%) from the previous session, and extended its gains. Foreign investors and institutions were net buyers of stocks worth 19.6 billion won and 43.4 billion won, respectively. Individual investors were the only net sellers, offloading 123.9 billion won worth of shares.
Most of the KOSPI's largest stocks by market capitalization were rising. Samsung Electronics (3.66%) and SK hynix (3.15%), the leading semiconductor stocks, were driving the index higher. Other major large-cap stocks, including SK Square (3.62%), Samsung Electro-Mechanics (3.48%), LG Energy Solution (1.95%), Hyundai Motor (1.27%), Kia (2.03%), Celltrion (2.34%), and NAVER (2.13%), were also up across the board. HMM (6.35%), L&F (5.67%), Hyundai Glovis (4.60%), and SK Telecom (4.50%) were also strong.
By contrast, financial stocks and some pharmaceutical and defense-related stocks were weaker. Hanmi Pharmaceutical (-6.95%), Hyundai Marine & Fire Insurance (-4.62%), JB Financial Group (-4.26%), ISU Petasys (-4.01%), DB HiTek (-3.79%), OCI Holdings (-3.61%), Samsung Fire & Marine Insurance (-1.96%), Shinhan Financial Group (-1.91%), Hana Financial Group (-1.53%), and Samsung Biologics (-1.24%) were all down.
At the same time, the KOSDAQ was at 836.91, down 0.12 points (0.01%) from the previous trading day. The index opened at 835.90, down 1.13 points (0.14%) from the previous session, and continued to fluctuate in slightly negative territory. Individual investors were the only net buyers, purchasing 193.4 billion won worth of shares. Foreign investors and institutions, meanwhile, were net sellers of 150.9 billion won and 44.5 billion won, respectively, weighing on the index.
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Top KOSDAQ stocks by market capitalization showed mixed performance. Alteogen (0.89%), the largest stock by market capitalization, and EcoPro (2.00%) held on to their gains, while many other leading stocks, including Leeno Industrial (-1.26%), SIMMTECH (-1.99%), PSK Holdings (-2.08%), EO Technics (-2.33%), and HLB (-3.07%), were weaker.
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