[Asia Economy Reporter Son Sunhee] On the 5th, the KOSPI index closed in the 2260 range, showing an upward trend for two consecutive days.
On this day, the KOSPI index closed at 2264.65, up 0.38% (8.67 points) from the previous day. Although it briefly dropped to the 2250 range during the session, it quickly rebounded thanks to foreign buying pressure.
Foreign buying led the rise in the KOSPI index. Foreigners purchased stocks worth 507.9 billion KRW in a single day. On the other hand, individuals and institutions sold net amounts of 167.3 billion KRW and 353.2 billion KRW, respectively.
Foreign buying was concentrated in the semiconductor sector, including the "leading stocks" Samsung Electronics and SK Hynix. Samsung Electronics' stock price closed at 58,200 KRW, up 0.69% from the previous day. During the session, it even rose to 88,800 KRW. SK Hynix's stock price also closed at 81,400 KRW, up 0.49%. Foreigners net purchased Samsung Electronics stocks worth 204.8 billion KRW and SK Hynix stocks worth 38.2 billion KRW on this day alone. This influx of foreign investors is interpreted as a response to the government's announcement on the 3rd to expand tax credits for semiconductor facility investments.
Additionally, influenced by the government's real estate regulation easing, bank stocks also showed strong performance across the board. Jeju Bank's stock price closed at 11,900 KRW, up 8.68% (950 KRW) from the previous day, and Shinhan Financial Group's stock price jumped 8.38% (3,050 KRW) to close at 39,450 KRW. Other stocks such as KakaoBank (27,300 KRW, +7.48%), Hana Financial Group (46,950 KRW, +7.19%), KB Financial Group (53,900 KRW, +6.73%), and Woori Financial Group (12,400 KRW, +4.20%) also closed with gains.
Among the top 10 by market capitalization, including Samsung Electronics and SK Hynix, Samsung Biologics (+1.76%), Samsung Electronics Preferred (+2.88%), NAVER (+1.92%), and Kakao (+3.59%) rose. Conversely, LG Energy Solution (-2.14%), LG Chem (-3.33%), Samsung SDI (-3.32%), and Hyundai Motor (-0.93%) declined.
By industry, financials (2.73%), securities (1.99%), construction (1.44%), and pharmaceuticals (1.31%) showed upward trends, while transportation equipment (-1.16%), machinery (-0.95%), and chemicals (-0.58%) declined.
On this day, the KOSDAQ index closed at 679.92, down 0.55% (3.75 points) from the previous day. Although it showed an upward trend early in the session, it turned downward due to combined selling pressure from foreigners and institutions. In the KOSDAQ market on this day, individuals net purchased 235.1 billion KRW, while foreigners and institutions sold net amounts of 154.4 billion KRW and 86.0 billion KRW, respectively.
The daily trading value in the KOSPI market was 7.4166 trillion KRW, and in the KOSDAQ market, it was 5.2962 trillion KRW.
Meanwhile, in the Seoul foreign exchange market on this day, the won-dollar exchange rate was 1,269.4 KRW, down 2.3 KRW from the previous day.
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