[Asia Economy Reporter Ji-hwan Park] The KOSPI continues its early session upward trend, supported by net buying from foreign investors.
As of 9:20 a.m. on the 14th, the KOSPI stood at 3,177.20, up 0.26% (8.12 points) from the previous trading day. The index started at 3,169.95, up 0.87 points (0.03%) from the previous close, maintaining its upward momentum.
In the market, foreigners net bought 60.9 billion KRW. Meanwhile, individuals and institutions net sold 42.1 billion KRW and 17.2 billion KRW, respectively.
Among the top 10 stocks by market capitalization, all except the semiconductor sector showed gains. Hyundai Motor recorded the highest increase, rising 2.61% to 236,000 KRW compared to the previous trading day. NAVER (1.80%), LG Chem (1.04%), and Samsung Biologics (0.64%) also rose.
On the other hand, Samsung Electronics and SK Hynix fell by 0.12% and 0.72%, respectively. This is believed to be influenced by the overnight decline of major semiconductor stocks such as Micron in the U.S. stock market.
At the same time, the KOSDAQ index rose 2.22 points (0.22%) to 1,012.59, up from the previous trading day. The index started at 1,011.35, up 0.98 points (0.10%) from the previous close.
In KOSDAQ, foreigners and institutions net sold 33.9 billion KRW and 6.1 billion KRW, respectively. Individuals led the index by net buying 46.0 billion KRW.
Among the top 10 by market capitalization, Celltrion Healthcare (0.74%), Celltrion Pharm (1.82%), and Kakao Games (0.18%) rose. Conversely, Seegene (-1.57%) and HLB (-0.14%) declined.
Sang-young Seo, a researcher at Mirae Asset Securities, stated, "The overnight U.S. stock market saw selling pressure on cyclical stocks due to Johnson & Johnson's temporary suspension recommendation for vaccine use, which is a burden," adding, "However, since the decline was limited, the possibility of this leading to further issues is assessed to be low."
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