Both Markets Rise Early; KOSPI Up 2.8%

At one point, topping the 5,500 mark
'Samsung Electronics-SK hynix' rally in tandem

Yonhap News Agency

Early in trading on Nov. 13, both the KOSPI and KOSDAQ were showing gains of more than 2%. Bargain-hunting was flowing into shares, led by Samsung Electronics and SK hynix.

The KOSPI opened regular trading at 5,452.41, up 2.05% from the previous day. It later rose as high as 5,504.44 at 9:13 a.m. and stood at 5,457.60 at 9:25 a.m.

By investor type, foreign investors and institutions were net buyers of KRW 311.2 billion and KRW 10.4 billion, respectively. Individual investors were net sellers of KRW 342.6 billion.

Most sectors were trading higher. Several sectors gained more than 2%, including electrical and electronics (3.28%), securities (3.21%), medical and precision instruments (2.77%), manufacturing (2.63%), distribution (2.21%), financials (2.17%), transportation equipment and parts (2.12%), and insurance (2.06%). By contrast, electricity and gas (-7.60%) and textiles and apparel (-0.27%) fell.

Most of the 10 largest stocks by market capitalization were also up. Samsung Electro-Mechanics rose 3.7%, followed by SK hynix (3.5%), Samsung Life Insurance (3.3%), Samsung Electronics (2.8%), Hyundai Motor (2.8%), KB Financial Group (2.6%), SK Square (2.0%), and Celltrion (1.0%). Samsung Biologics was the only stock to remain slightly lower, down 0.2%.

The KOSDAQ also opened at 705.96, up 1.35% from the previous day. It later climbed as high as 717.43 at around 9:17 a.m. and stood at 713.57 as of 9:25 a.m.

Unlike in the KOSPI market, foreign investors were net sellers of KRW 55.5 billion early in the session. Individual investors and institutions were net buyers of KRW 49.1 billion and KRW 5.5 billion, respectively.

Nearly all sectors rose. Several gained around 3%, including nonmetallic minerals (4.70%), machinery and equipment (4.43%), electrical and electronics (3.90%), distribution (3.12%), manufacturing (2.94%), and transportation equipment and parts (2.71%). Only publishing and media reproduction (-0.54%) and transportation and warehousing (-0.14%) fell.

All of the KOSDAQ's 10 largest stocks by market capitalization were up. Rainbow Robotics posted the biggest gain, at 8.3%, followed by Jusung Engineering (4.5%), Wonik IPS (3.7%), EO Technics (2.7%), Alteogen (2.2%), LEENO Industrial (1.9%), SIMMTECH (1.8%), EcoPro BM (1.5%), Sam Chun Dang Pharm (1.3%), and EcoPro (1.2%).

This content was produced with the assistance of AI translation services.