[Asia Economy Reporter Minji Lee] The KOSPI is showing an intraday rise of over 1% due to net buying by foreigners and institutions. It is analyzed that the domestic stock market is also being influenced following the rebound buying that led to the U.S. Nasdaq index closing higher the previous day.
As of 10:28 a.m. on the 12th, the KOSPI stood at 2,962.07, up 1.27% (37.15 points) from the previous trading day. The KOSPI opened the day at 2,945.95, up 0.72% (21.03 points). This reflects the increased buying scale by foreigners and institutions. Foreigners purchased stocks worth 189 billion KRW, institutions bought 178 billion KRW worth of stocks, while individuals sold stocks worth 379.6 billion KRW alone.
By sector, medical precision (8.81%), steel & metals (4.60%), banking (2.68%), and pharmaceuticals (2.10%) showed strong performance. SD Biosensor, which belongs to the medical precision sector, showed an intraday rise of over 11% following news of its inclusion in the Morgan Stanley Capital International (MSCI) index. The steel sector was positively influenced by ArcelorMittal's forecast the previous day that global steel demand, excluding China, could increase by 12-13%.
Among the top market capitalization stocks, Samsung Electronics traded at 70,300 KRW, up 0.57%. SK Hynix (0.47%), NAVER (0.12%), Kakao (1.20%), Samsung Biologics (1.10%), LG Chem (0.79%), Hyundai Motor (1.22%), and Kia (2.62%) also rose.
The Celltrion trio, which showed strong gains early in the session, narrowed their gains. Celltrion is currently up 2.82%, while Celltrion Healthcare and Celltrion Pharm traded up 1.87% and 3.78%, respectively, on the KOSDAQ market.
At the same time, the KOSDAQ index stood at 1,006.08, up 1.35% (13.43 points). The KOSDAQ opened at 999.29, up 0.67% (6.64 points). Looking at investment trends, individuals alone bought stocks worth 83.1 billion KRW, while foreigners and institutions sold stocks worth 24.9 billion KRW and 54.7 billion KRW, respectively.
By sector, paper & wood (6.65%), semiconductors (2.72%), machinery & equipment (2.49%), and telecommunications & services (2.47%) showed strong performance. The paper & wood sector was positively influenced by Dongwha Enterprise's intraday rise of over 10%. The possibility of expanding Dongwha Electrolite's U.S. production capacity, a subsidiary, has increased, with electrolyte production capacity expected to grow from the current 53,000 tons to 136,000 tons, which acted positively.
Among the top market capitalization stocks, Kakao Games (1.51%), Wemade (2.99%), Celltrion Pharm (3.78%), HL Biopharma (0.13%), SK Materials (0.35%), and CJ ENM (1.01%) rose, while EcoPro BM (-0.98%) and Pearl Abyss (-2.13%) declined.
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