The KOSPI opened strong but ultimately closed higher with most of its gains erased due to significant selling by foreign and individual investors. Analysts attribute this to a cautious sentiment ahead of the Chuseok holiday break.
On September 23, the Korea Exchange reported that the KOSPI closed at 7,080.92, up 63.01 points (0.90%) from the previous trading day.
The index started at 7,135.44, up 124.02 points (1.67%), but gradually lost ground as the session progressed. It briefly dipped during the day but rebounded to finish in a narrow range.
In the securities market, institutions were net buyers, purchasing 450.6 billion won. In contrast, individuals and foreigners sold a net 1.5236 trillion won and 561.9 billion won, respectively.
Among the top market-cap stocks, Samsung Electronics rose 3.25%, SK Hynix gained 1.20%, SK Square increased by 5.03%, and Samsung Electro-Mechanics was up 1.41%. However, Hyundai Motor fell 1.94%, Samsung Biologics dropped 1.80%, and KB Financial decreased by 1.42%.
The KOSDAQ index closed at 844.48, up 10.10 points (1.21%) from the previous day. In the KOSDAQ market, foreigners and institutions sold a net 45 billion won and 2.3 billion won, while individuals bought a net 38 billion won.
Among the top KOSDAQ stocks, Alteogen rose 0.20%, EcoPro BM increased by 0.67%, JUSUNG Engineering gained 2.95%, Wonik IPS was up 2.61%, and EO Technics rose 1.58%. Conversely, EcoPro fell 0.12%, Rainbow Robotics dropped 1.03%, and Rino Industry decreased by 0.80%.
Sector-wise, semiconductor and eco-friendly stocks showed notable gains. Analysts suggest that the momentum from AI data centers continues to exert upward pressure. Key semiconductor stocks like Samsung Electronics (3.25%), SK Hynix (1.20%), and SK Square (5.03%) performed well. The eco-friendly sector also saw strength, buoyed by expectations of benefits from U.S. policies, with OCI Holdings rising 9.57% and Hanwha Solutions increasing by 6.38%.
Lee Kyung-min, a researcher at Daishin Securities, stated, "The domestic market started higher due to stabilization in international oil prices, but the cautious sentiment ahead of the Chuseok holiday led to a reduction in gains. With profit-taking from foreigners and individuals before the holiday, the momentum in AI semiconductor stocks remains solid."
On September 23, the Korea Exchange reported that the KOSPI closed at 7,080.92, up 63.01 points (0.90%) from the previous trading day.
The index started at 7,135.44, up 124.02 points (1.67%), but gradually lost ground as the session progressed. It briefly dipped during the day but rebounded to finish in a narrow range.
In the securities market, institutions were net buyers, purchasing 450.6 billion won. In contrast, individuals and foreigners sold a net 1.5236 trillion won and 561.9 billion won, respectively.
Among the top market-cap stocks, Samsung Electronics rose 3.25%, SK Hynix gained 1.20%, SK Square increased by 5.03%, and Samsung Electro-Mechanics was up 1.41%. However, Hyundai Motor fell 1.94%, Samsung Biologics dropped 1.80%, and KB Financial decreased by 1.42%.
The KOSDAQ index closed at 844.48, up 10.10 points (1.21%) from the previous day. In the KOSDAQ market, foreigners and institutions sold a net 45 billion won and 2.3 billion won, while individuals bought a net 38 billion won.
Among the top KOSDAQ stocks, Alteogen rose 0.20%, EcoPro BM increased by 0.67%, JUSUNG Engineering gained 2.95%, Wonik IPS was up 2.61%, and EO Technics rose 1.58%. Conversely, EcoPro fell 0.12%, Rainbow Robotics dropped 1.03%, and Rino Industry decreased by 0.80%.
Sector-wise, semiconductor and eco-friendly stocks showed notable gains. Analysts suggest that the momentum from AI data centers continues to exert upward pressure. Key semiconductor stocks like Samsung Electronics (3.25%), SK Hynix (1.20%), and SK Square (5.03%) performed well. The eco-friendly sector also saw strength, buoyed by expectations of benefits from U.S. policies, with OCI Holdings rising 9.57% and Hanwha Solutions increasing by 6.38%.
Lee Kyung-min, a researcher at Daishin Securities, stated, "The domestic market started higher due to stabilization in international oil prices, but the cautious sentiment ahead of the Chuseok holiday led to a reduction in gains. With profit-taking from foreigners and individuals before the holiday, the momentum in AI semiconductor stocks remains solid."
* This article has been translated by AI.
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