KOSPI Rises on Foreign Net Buying... Semiconductor Stocks Up

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend in the early session due to net buying by foreigners.

At 9:16 a.m. on the 20th, the KOSPI stood at 2384.25, up 0.16% (3.91 points) from the previous trading day. The KOSPI started the day at 2380, down 0.01% (0.34 points) from the previous day, but is showing an upward trend. Looking at investor trends, foreigners have increased their net buying by purchasing stocks worth 75.9 billion KRW. Individuals and institutions sold stocks worth 48.6 billion KRW and 26.4 billion KRW, respectively.

Hingeeyoung, a researcher at Kiwoom Securities, said, "The intensity of foreign net buying, which had slightly slowed down this week, is expanding again mainly in large-cap stocks," adding, "In the short term, the trend of passive fund inflows remains valid, so attention should be paid to large-cap stocks that have been excessively sold off."

Among the top market capitalization stocks, Samsung Electronics and SK Hynix rose 1.14% and 2.22%, respectively. LG Chem (0.16%), Samsung SDI (0.66%), NAVER (1.79%), and Kakao (0.99%) also rose, while LG Energy Solution (-0.44%), Samsung Biologics (-0.5%), and Hyundai Motor (-0.3%) declined.

The KOSDAQ index stood at 715.88, up 0.42% (3 points) from the previous trading day. The KOSDAQ index started the day at 712.32, down 0.08% (0.57 points) from the previous day, and continues its upward trend. Looking at investor trends, individuals and institutions bought stocks worth 15.4 billion KRW and 5.6 billion KRW, respectively, while foreigners sold stocks worth 15.5 billion KRW alone.

Among the top market capitalization stocks, EcoPro BM (1.32%), L&F (0.17%), Kakao Games (1.11%), HLB (0.16%), EcoPro (0.09%), Studio Dragon (3.09%), and Rino Industrial (0.56%) rose, while Celltrion Healthcare (-0.51%) and Celltrion Pharm (-0.45%) declined.