KOSPI and KOSDAQ Start Higher... Samsung Electronics Up 1.85%

Biden speaking about the agreement to raise the debt ceiling [Photo by AFP]

On the 30th, the KOSPI and KOSDAQ opened higher. The semiconductor sector, including Samsung Electronics and SK Hynix, showed notable strength.

As of 9:20 AM, the KOSPI was trading at 2,576.69, up 0.70% (17.88 points) from the previous trading day. The KOSPI started the day up 0.92% (23.60 points).

Foreign investors are driving the index alone with net purchases of 97 billion KRW. Meanwhile, individual and institutional investors are net sellers, offloading 16.2 billion KRW and 76.9 billion KRW respectively. In the futures market, foreigners are also buying, acquiring 83.4 billion KRW. Individuals and institutions are selling 43.2 billion KRW and 13.4 billion KRW respectively.

Among the top 10 stocks by market capitalization, most are rising. Samsung Electronics, the largest by market cap, is up 1.85% to 71,600 KRW. LG Energy Solution +0.35%, SK Hynix +2.38%, Samsung Biologics +0.26%, LG Chem +0.71%, Samsung SDI +2.45%, and POSCO Holdings +0.97% are also gaining. On the other hand, automobile and tech stocks are weaker. Hyundai Motor -1.46%, Kia -0.80%, and NAVER -0.74% are the only three stocks declining.

As of 9:26 AM, the KOSDAQ was trading at 846.99, up 0.45% (3.76 points) from the previous day. The KOSDAQ opened at 850.00, up 0.80% (6.77 points).

Contrary to the KOSPI, foreign investors are selling. Individual and institutional investors are net buyers, purchasing 19.4 billion KRW and 18.5 billion KRW respectively, expanding the gains. Foreigners alone are net sellers with 33.6 billion KRW.

Among the top 10 stocks by market capitalization, the trend is mixed. EcoPro +0.55%, Celltrion Healthcare +0.54%, L&F +2.98%, HLB +0.95%, and JYP Entertainment +2.55% are rising.