[Asia Economy Reporter Son Sun-hee] On the 12th, the KOSPI index closed slightly higher in the 2360 range.
On that day, the KOSPI index closed at 2365.10, up 5.57 points (0.24%) from the previous session. It showed an upward trend early in the session, surpassing the 2370 level, but ended with a firm but limited gain.
In the securities market, foreigners bought stocks worth 484.5 billion KRW, while institutions and individuals sold net amounts of 437.1 billion KRW and 49.1 billion KRW, respectively. Samsung Electronics, ranked first in market capitalization, closed unchanged at 60,500 KRW. Among the top 10 market cap stocks, secondary battery and bio stocks such as LG Energy Solution (+0.74%), Samsung Biologics (+1.00%), Samsung Electronics Preferred (+0.37%), LG Chem (+0.47%), Samsung SDI (+0.80%), and Hyundai Motor (+1.52%) mainly closed higher. On the other hand, SK Hynix (-0.57%), NAVER (-0.51%), and Kakao (-0.65%) declined.
Researcher Kim Seok-hwan of Mirae Asset Securities explained, "The Korean stock market rose on expectations of easing inflationary pressures ahead of the U.S. Consumer Price Index (CPI) announcement," adding, "The U.S. stock market's positive close, driven by falling interest rates and large technology stocks, also had a positive effect." He further added, "The CPI announcement from China released during the session also expanded expectations for easing inflationary pressures."
In particular, Hanwha Solutions announced plans to invest 3.2 trillion KRW to establish an integrated solar power production complex in Georgia, USA, causing its stock price to surge more than 5% at one point during the session. The closing price rose 2.89% to 48,100 KRW. Regarding this, Researcher Kim said, "The news about Hanwha Solutions reflected expectations of increased corporate value," and "Solar and wind power stocks showed strength."
By sector, machinery (+1.63%), securities (+1.43%), insurance (+0.93%), medical precision (+0.89%), and electric gas (+0.89%) showed strength, while telecommunications (-0.95%), transportation and warehousing (-0.54%), services (-0.37%), paper and wood (-0.21%), and non-metallic minerals (-0.11%) declined.
The KOSDAQ index closed at 710.82, up 1.05 points (0.15%) from the previous session. In the KOSDAQ market, individuals were net buyers of 95.6 billion KRW, while foreigners and institutions were net sellers of 58.8 billion KRW and 26.0 billion KRW, respectively.
The daily trading value in the securities and KOSDAQ markets was 7.6794 trillion KRW and 5.1913 trillion KRW, respectively.
In the Seoul foreign exchange market, the won/dollar exchange rate closed at 1245.8 won, down 0.4 won from the previous session.
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