The KOSPI, which plummeted the previous day, is struggling to show a clear rebound. Foreign investors have continued to sell for five consecutive trading days, limiting the index's gains.
As of 1:28 PM, the KOSPI rose by 59.69 points (0.99%) to 6095.04, according to the Korea Exchange.
In the securities market, individual and foreign investors sold a net 233.2 billion won and 516.4 billion won, respectively, while institutions bought a net 214.1 billion won. Foreign investors have been net sellers for five straight trading days.
Most large-cap stocks are performing well. Samsung Electronics (up 2.16%), SK Hynix (up 0.83%), SK Square (up 0.53%), Samsung Electro-Mechanics (up 2.35%), and LG Energy Solution (up 2.68%) are all rising.
At the same time, the KOSDAQ index recorded a drop of 1.87 points (0.22%) to 835.23. In the KOSDAQ market, individuals bought a net 458.3 billion won, while foreign and institutional investors sold a net 300.3 billion won and 170 billion won, respectively.
Large-cap stocks in the KOSDAQ are mixed. EcoPro (up 2.23%) and Alteogen (up 1.1%) saw gains, while JUSUNG Engineering (down 4.2%), Wonik IPS (down 4.2%), and IOTech (down 1.8%) experienced declines.
Seo Sang-young, a managing director at Mirae Asset Securities, stated, "The supply and demand instability in the semiconductor sector is expected to persist for the time being. However, some AI semiconductor companies in the U.S. have shown signs of recovery, and major AI demand companies, including hyperscalers, are maintaining a solid trend, which could stimulate bargain buying despite concerns in the related industry."
Han Ji-young, a researcher at Kiwoom Securities, projected, "Today, the domestic market is likely to attempt a rebound due to the anticipation surrounding the U.S. Consumer Price Index (CPI) announcement for September and uncertainties in the semiconductor sector from China, bolstered by dovish comments from Federal Reserve officials and inflows of bargain buying following five consecutive days of sharp declines."
As of 1:28 PM, the KOSPI rose by 59.69 points (0.99%) to 6095.04, according to the Korea Exchange.
In the securities market, individual and foreign investors sold a net 233.2 billion won and 516.4 billion won, respectively, while institutions bought a net 214.1 billion won. Foreign investors have been net sellers for five straight trading days.
Most large-cap stocks are performing well. Samsung Electronics (up 2.16%), SK Hynix (up 0.83%), SK Square (up 0.53%), Samsung Electro-Mechanics (up 2.35%), and LG Energy Solution (up 2.68%) are all rising.
At the same time, the KOSDAQ index recorded a drop of 1.87 points (0.22%) to 835.23. In the KOSDAQ market, individuals bought a net 458.3 billion won, while foreign and institutional investors sold a net 300.3 billion won and 170 billion won, respectively.
Large-cap stocks in the KOSDAQ are mixed. EcoPro (up 2.23%) and Alteogen (up 1.1%) saw gains, while JUSUNG Engineering (down 4.2%), Wonik IPS (down 4.2%), and IOTech (down 1.8%) experienced declines.
Seo Sang-young, a managing director at Mirae Asset Securities, stated, "The supply and demand instability in the semiconductor sector is expected to persist for the time being. However, some AI semiconductor companies in the U.S. have shown signs of recovery, and major AI demand companies, including hyperscalers, are maintaining a solid trend, which could stimulate bargain buying despite concerns in the related industry."
Han Ji-young, a researcher at Kiwoom Securities, projected, "Today, the domestic market is likely to attempt a rebound due to the anticipation surrounding the U.S. Consumer Price Index (CPI) announcement for September and uncertainties in the semiconductor sector from China, bolstered by dovish comments from Federal Reserve officials and inflows of bargain buying following five consecutive days of sharp declines."
* This article has been translated by AI.
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