Domestic stocks rebounded in early trading despite weakness in U.S. semiconductor shares. Following a sharp decline the previous day, bargain-hunting activity helped the KOSPI recover above the 6,100 mark.
As of 9:04 a.m. on July 29, the KOSPI was up 99.40 points (1.65%) at 6,123.06. The index started at 6,089.11, up 65.45 points (1.09%), and continued to expand its gains.
In the securities market, foreign and institutional investors were net buyers, purchasing 10.2 billion won and 50.4 billion won, respectively. In contrast, individual investors sold a net 67.5 billion won, taking profits.
Among the top market capitalization stocks, the performance was mixed. Samsung Electronics rose 0.45%, Samsung Electro-Mechanics increased by 2.33%, Hyundai Motor gained 1.51%, LG Energy Solution was up 1.59%, and KB Financial climbed 3.09%. However, SK Hynix fell 0.13%, SK Square dropped 3.35%, Samsung Biologics decreased by 0.26%, and Samsung Life Insurance was down 0.35%.
On the New York Stock Exchange, the tech-heavy Nasdaq index closed down 0.22%. Semiconductor stocks continued to struggle, with Micron falling 8.85%, AMD down 8.15%, Intel dropping 5.86%, Qualcomm decreasing 4.21%, and Western Digital down 6.91%. The Philadelphia Semiconductor Index fell 4.49%, marking its fourth consecutive day of decline.
At the same time, the KOSDAQ index was up 8.92 points (1.26%) at 714.77. It started at 713.71, up 7.86 points (1.11%), and maintained its upward trend.
In the KOSDAQ market, individual and institutional investors were net buyers, purchasing 18.6 billion won and 8.7 billion won, respectively, while foreign investors sold a net 26.8 billion won.
The top KOSDAQ stocks also showed mixed results. Alteogen rose 0.17%, EcoPro increased by 2.34%, EcoPro BM was up 0.39%, Rainbow Robotics gained 8.11%, JUSUNG Engineering rose 2.02%, LinoTech increased by 1.30%, and Wonik IPS was up 1.01%. Conversely, HLB fell 0.49%, ABL Bio dropped 0.58%, and Pharma Research decreased by 2.80.
* This article has been translated by AI.
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