The KOSPI index successfully reversed its early losses on August 25, buoyed by buying from retail and institutional investors. The KOSDAQ also turned positive by the end of trading.
According to the Korea Exchange, the KOSPI closed up 45.78 points (0.68%) at 6,742.74. The index opened down 161.03 points (2.40%) at 6,535.93 and at one point fell as much as 4.30%, dipping below 6,400. It managed to turn around around 2 p.m.
In the securities market, retail investors purchased a net 1.5 trillion won, while institutional investors bought a net 1.17 trillion won, pushing the index higher. In contrast, foreign investors sold a net 3.81 trillion won.
Among the top KOSPI stocks, performance was mixed. Samsung Electro-Mechanics (2.66%), Hyundai Motor (1.57%), KB Financial (0.80%), Samsung C&T (0.41%), SK Hynix (0.39%), and Samsung Biologics (0.13%) saw gains. Samsung Electronics remained flat, while LG Energy Solution (-3.45%), SK Square (-1.77%), Hanwha Aerospace (-1.00%), and Samsung Life (-0.35%) declined.
Kang Jin-hyuk, a researcher at Shinhan Investment Corp, noted, "The KOSPI started lower due to weakness in semiconductor stocks but showed volatility as large-cap stocks experienced a rotation. The combination of semiconductor weakness and a shift in supply and demand in key sectors led to a partial retracement of the previous day's gains."
The KOSDAQ also managed to turn positive, closing up 13.82 points (1.70%) at 827.15. The index opened down 6.40 points (0.79%) at 806.93 and fell as much as 31.44 points (3.87%) to 781.89 during the day.
In the KOSDAQ market, retail investors sold a net 136.7 billion won, while foreign and institutional investors bought a net 132.7 billion won and 14.8 billion won, respectively.
Top KOSDAQ stocks showed mixed results as well. Simtech (13.12%), Juseong Engineering (7.71%), Wonik IPS (5.55%), Rino Technology (4.02%), EoTechnics (3.48%), Rainbow Robotics (2.02%), and HLB (1.06%) all rose. Conversely, Alteogen (-4.84%), EcoPro BM (-3.93%), and EcoPro (-2.96%) fell.
Lee Kyung-min, a researcher at Daishin Securities, stated, "Today, the domestic market showed a slight upward trend as rotation spread to non-semiconductor sectors. The semiconductor sector recovered from its losses and turned positive, which, along with institutional buying, helped spread buying interest to consumer goods and securities sectors."
* This article has been translated by AI.
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