Confused Stock Market... Foreigners Are Net Buyers

On the 11th, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. On that day, the KOSPI index started at 2193.02, down 39.82 points (1.78%) from the previous trading day. The won-dollar exchange rate opened at 1428.0, up 15.6 won. Photo by Moon Honam munonam@

[Asia Economy Reporter Junho Hwang] On the 12th, the stock market opened mixed. Amid both positive and negative factors, it is showing a cautious stance without significant movement despite the sharp decline the previous day.

The KOSPI started at 2,191.35, down 0.72 points (0.03%). As of 9:34 AM, individual and foreign investors were net buyers with purchases of 63.7 billion KRW and 61.5 billion KRW respectively, while institutions showed a net selling intention of 129.6 billion KRW, causing the index to show a slight downward trend.

Among all stocks, 189 are rising. The top market capitalization stocks are showing mixed results. The unchanging leader Samsung Electronics has recovered the previous day's losses and is trading at 56,600 KRW per share, up 2.17% from the previous day. SK Hynix, grouped in the same semiconductor sector, is also up 3.22%. LG Energy Solution continues its upward trend following the previous day, recording a 0.25% increase. On the other hand, LG Chem fell 2.85%, and Samsung SDI is down 1.17%.

Following the rebound in semiconductor stocks, the electrical and electronics sector is up 0.71%, the highest increase among all sectors. Telecommunications and construction sectors are also showing gains. Within the electrical and electronics sector, Daeduck Electronics (5.93%) and Isu Petasys (2.99%) showed significant increases.

Although the Philadelphia Semiconductor Index fell in the U.S. market the previous day, funds appear to be flowing into large-cap stocks such as semiconductors due to the decline in the KRW-USD exchange rate. The KRW-USD exchange rate opened at 1,431.50 KRW, down 0.26% from the previous session.

The KOSDAQ, which had sharply declined the previous day, opened at 669.59, up 0.09 points (0.01%), but soon turned downward. As of this time, the KOSDAQ is at 666.46, down 0.45%. Unlike the KOSPI, foreign and institutional investors are showing net selling intentions of 57.3 billion KRW and 3.8 billion KRW respectively, while individuals are showing net buying intentions of 62.1 billion KRW.

Among all sectors, 382 are rising. Among the top market capitalization stocks, Lino Industrial (1.82%), EcoPro (1.44%), EcoPro BM (0.61%), and HLB (0.60%) are on the rise. Conversely, Pearl Abyss (-4.42%) and Kakao Games (-3.52%) continue to record significant declines following the previous day.