Inflation Concerns Ease... KOSPI and KOSDAQ Indices Continue Uptrend

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] As concerns over inflation ease, the KOSPI and KOSDAQ indices continue their upward trend during the morning session.

At 11:30 a.m. on the 16th, the KOSPI stood at 2,538.73, up 0.43% (10.79 points) compared to the previous trading day. The KOSPI opened at 2,543.05, up 0.6% (15.11 points) from the previous day, and has maintained its upward momentum.

Looking at investor trends, institutions alone purchased stocks worth 120.4 billion KRW, while foreigners and institutions sold stocks worth 30.7 billion KRW and 100.4 billion KRW, respectively.

By sector, the largest gains were seen in electrical and electronics (1.77%), manufacturing (0.95%), and machinery (0.84%). Among individual stocks, SK Hynix (4.6%), Hansol Technics (3.8%), DB Hitek (3.5%), and Samsung Electronics (1.9%) showed upward trends. This was influenced by favorable inflation-related indicators, such as a slowdown in the rise of expected inflation, which led to a sharp 2% surge in the Nasdaq.

Among the top market capitalization stocks, LG Energy Solution (-0.11%), Samsung Biologics (-0.66%), NAVER (-1.69%), and Kakao (-2.18%) declined, while SK Hynix (4.39%), LG Chem (0.15%), Samsung SDI (0.96%), and Hyundai Motor (0.51%) rose.

At the same time, the KOSDAQ index stood at 835.22, up 0.43% (3.59 points) from the previous trading day. The KOSDAQ opened at 835.20, up 0.43% (3.57 points) from the previous day.

Regarding investor trends, foreigners alone purchased stocks worth 68.3 billion KRW, while individuals and institutions sold stocks worth 33.9 billion KRW and 26.9 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (0.26%), L&F (2.15%), Kakao Games (0.85%), Pearl Abyss (2.29%), Celltrion Pharm (0.45%), Alteogen (0.97%), EcoPro (2.55%), and Chunbo (0.23%) showed gains, while HLB fell by 3.31%.

Han Ji-young, a researcher at Kiwoom Securities, said, “The market is expected to show an upward trend as it absorbs external positive factors that were not reflected during the market closure period,” adding, “There will be a positive stock price movement regardless of whether the stocks are large-cap or small- and mid-cap.”