[Asia Economy Reporter Minji Lee] Although the US stock market closed lower, the KOSPI and KOSDAQ indices are showing strong gains in early trading.
At 9:10 a.m. on the 6th, the KOSPI stood at 2236.73, up 0.97% (21.51 points) from the previous trading day. The index opened at 2230.43, up 0.69% (15.21 points) from the previous day.
Currently, only institutional investors are net buyers in the market. Institutions purchased stocks worth 18.6 billion KRW, while foreigners and individuals sold stocks worth 12.7 billion KRW and 5 billion KRW, respectively.
Sangyoung Seo, a researcher at Mirae Asset Securities, said, “Although the decline in the US stock market is a burden on the domestic market, the late-session gains from the previous day have already priced in the decline, making it likely that investor sentiment will improve. Morgan Stanley’s forecast that semiconductor demand will significantly increase next year is also having a positive impact on related sectors.”
Looking at the top market capitalization stocks, most are showing gains. Samsung Electronics rose 0.71%, LG Energy Solution (1.71%), SK Hynix (0.67%), LG Chem (0.18%), Samsung SDI (0.18%), Kia (0.42%), and NAVER (0.91%) are maintaining upward momentum.
At the same time, the KOSDAQ index stood at 694.50, up 1.34% (9.16 points) from the previous trading day. The index opened at 690.48, up 0.75% (5.14 points) from the previous day. In the market, only individuals were net buyers, purchasing stocks worth 3.7 billion KRW, while foreigners and institutions sold stocks worth 200 million KRW and 500 million KRW, respectively.
Among the top market capitalization stocks, EcoPro BM (2.74%), L&F (3.06%), Kakao Games (1.08%), EcoPro (2.82%), Pearl Abyss (1.68%), and Rino Industrial (2.74%) rose, while Celltrion Healthcare (-2.06%) and Celltrion Pharm (-0.16%) declined.
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