The KOSPI, which started lower, has turned around and risen over 1% as major semiconductor stocks like Samsung Electronics and SK Hynix show strength. Despite foreign investors selling more than 500 billion won, institutional buying is supporting the index's rise. In contrast, the KOSDAQ continues to decline due to weakness in top market capitalization biotech and secondary battery stocks.
According to the Korea Exchange, as of 10:42 a.m., the KOSPI is up 69.17 points (1.37%) at 5,128.86. The index opened at 5,034.20, down 25.49 points (0.50%) from the previous session, but quickly reversed course and expanded its gains.
In the securities market, institutions have made a net purchase of 399.2 billion won. Meanwhile, individuals and foreigners have sold a net 6.7 billion won and 504.7 billion won, respectively, indicating a selling trend.
Most of the top market capitalization stocks are performing well. Samsung Electronics is up 3.02%, SK Hynix is up 4.77%, SK Square is up 2.49%, Samsung Biologics is up 2.51%, KB Financial is up 0.73%, and Celltrion is up 0.95%. Conversely, LG Energy Solution is down 2.52%, Samsung Electro-Mechanics is down 1.15%, and Hyundai Motor is down 0.89%.
The KOSDAQ index continues to show weakness. At the same time, the KOSDAQ index is down 1.26 points (0.20%) at 643.01. The index opened at 638.82, down 5.45 points (0.85%) from the previous session. In the KOSDAQ market, individuals and institutions have made net purchases of 148.7 billion won and 19.3 billion won, while foreigners have sold a net 172.7 billion won.
Among the top market capitalization stocks, Alteogen is down 17.51%, EcoPro is down 4.38%, EcoPro BM is down 4.69%, Rainbow Robotics is down 3.89%, HLB is down 2.72%, and Samchundang Pharm is down 0.12%. On the other hand, JUSUNG Engineering is up 7.68%, Simtech is up 5.67%, IOTech is up 4.06%, and Rino Industrial is up 0.54%.
* This article has been translated by AI.
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