The KOSPI index started lower on June 17, impacted by a sharp decline in U.S. semiconductor stocks and caution ahead of the Federal Open Market Committee (FOMC) meeting. However, buying from retail and institutional investors helped the index turn positive during the trading session, as it attempted to reclaim the 8,800 mark.
According to the Korea Exchange, as of 1:22 PM, the KOSPI was trading at 8,773.33, up 46.73 points (0.54%) from the previous trading day. The index initially opened at 8,622.13, down 104.47 points (1.20%), but quickly recovered and shifted to an upward trend.
In terms of market dynamics, retail and institutional investors led the rebound. In the stock market, retail investors purchased a net 1.07 trillion won, while institutions bought a net 140.4 billion won. In contrast, foreign investors sold a net 1.18 trillion won, taking profits.
The performance of major stocks was mixed. Following recent gains in the semiconductor and electronics sectors, profit-taking occurred, with Samsung Electronics (-0.29%), Samsung Electro-Mechanics (-1.37%), Hyundai Motor (-3.13%), and Samsung C&T (-3.32%) showing declines. Conversely, SK Hynix (3.15%), SK Square (6.00%), LG Energy Solution (1.46%), Samsung Life Insurance (0.70%), and HD Hyundai Heavy Industries (2.72%) experienced gains.
The KOSDAQ index also maintained a solid performance. At the same time, the KOSDAQ was up 11.95 points (1.17%) at 1,030.63. The index opened at 1,019.88, up 1.20 points (0.12%), and expanded its gains.
In the KOSDAQ market, retail and institutional investors bought a net 29.5 billion won and 45.6 billion won, respectively, while foreign investors sold a net 79.3 billion won.
The performance of major KOSDAQ stocks was also mixed. Alteogen (3.26%), EcoPro BM (0.22%), Rainbow Robotics (0.81%), Kolon TissueGene (8.85%), Wonik IPS (0.26%), HLB (4.86%), and Samchundang Pharm (6.79%) saw increases, while JUSUNG Engineering (-2.21%) and Rino Technology (-0.53%) faced declines.
* This article has been translated by AI.
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