The KOSPI index showed signs of stabilization around the 6900 level on August 14. The KOSDAQ started the day with gains but turned lower in the afternoon, trading around the 850 mark.
According to the Korea Exchange, as of 1:14 PM, the KOSPI was trading at 6917.95, up 104.61 points (1.54%) from the previous trading day. The index opened at 6995.67, up 182.33 points (2.68%), and peaked at 7010.86 early in the session before fluctuating around the 6900 level.
In the securities market, foreign investors were net buyers of 1.54 trillion won worth of stocks, while individual and institutional investors sold a net 520 billion won and 997.7 billion won, respectively.
Among the top market capitalization stocks in the KOSPI, Hyundai Motor (up 7.65%), SK Square (up 3.85%), Samsung Electro-Mechanics (up 3.59%), SK Hynix (up 3.26%), Kia (up 3.06%), Samsung Life Insurance (up 2.74%), HD Hyundai Heavy Industries (up 2.02%), Samsung Electronics (up 1.03%), and Samsung C&T (up 0.96%) saw gains. Conversely, Hanwha Aerospace (down 2.78%), Samsung Biologics (down 0.83%), LG Energy Solution (down 0.68%), and KB Financial (down 0.06%) experienced declines.
Kang Jin-hyuk, a researcher at Shinhan Investment Corp, noted, "The KOSPI continued its upward trend after the U.S. Producer Price Index (PPI) announcement eased interest rate concerns. After briefly surpassing the 7000 mark, profit-taking occurred, supported by foreign investors who have been net buyers for four consecutive trading days."
At the same time, the KOSDAQ was trading at 861.25, down 0.12 points (0.01%) from the previous trading day. The index opened at 868.07, up 6.70 points (0.78%), and reached a high of 879.29 before turning lower.
In the KOSDAQ market, individual investors were net buyers of 339.7 billion won, while foreign and institutional investors sold a net 112.4 billion won and 221.7 billion won, respectively.
The top market capitalization stocks in the KOSDAQ showed mixed results. Stocks such as IOTech (up 6.34%), Rainbow Robotics (up 1.21%), EcoPro BM (up 1.05%), Samchundang Pharm (up 0.26%), and EcoPro (up 0.11%) rose. In contrast, Wonik IPS (down 3.42%), ABL Bio (down 3.00%), JUSUNG Engineering (down 2.34%), Alteogen (down 0.94%), Rino Technology (down 0.84%), and Peptron (down 0.76%) fell. HLB remained unchanged.
Kang added, "The KOSDAQ appears to be taking a breather after a recent rebound due to excessive declines, with profit-taking emerging. While stocks related to physical AI have performed relatively well, the overall decline in major market capitalization stocks has contributed to the downturn."
* This article has been translated by AI.
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