KOSDAQ Also Rises 0.2%
The KOSPI index is on the rise due to net buying by foreigners and institutions.
As of 9:21 a.m. on the 11th, the KOSPI index was trading at 2,614.72, up 13.16 points (0.51%) from the previous session. Although individuals sold a net amount worth 37 billion KRW, foreigners and institutions bought net amounts worth 17.2 billion KRW and 22.5 billion KRW, respectively.
Among the top market capitalization stocks, Samsung SDI (3.22%), Hyundai Motor (2.34%), Samsung Electronics (0.74%), and SK Hynix (0.42%) rose in that order. On the other hand, POSCO Holdings (-1.34%), POSCO Future M (-1.33%), LG Energy Solution (-0.90%), and Samsung Biologics (-0.50%) declined.
By sector, paper & wood (2.99%), transportation equipment (1.91%), insurance (1.86%), and securities (1.56%) rose, while medical precision (-1.27%), pharmaceuticals (-0.77%), and steel & metals (-0.66%) showed weakness.
The U.S. stock market closed higher as the July Consumer Price Index (CPI) increase came in below expectations. On the 10th (local time), the Dow Jones Industrial Average rose 52.79 points (0.15%) to 35,176.15, the large-cap focused S&P 500 index closed at 4,468.83, up 1.12 points (0.03%), and the tech-heavy Nasdaq index ended at 13,737.99, up 15.97 points (0.12%).
The U.S. July CPI rose 3.2% year-on-year, slightly below the market forecast of 3.3%. Although the increase was larger than June’s 3.0%, which was the lowest in about two years, the overall trend remained easing. Month-on-month, the CPI rose 0.2%, in line with expectations. The core CPI, excluding volatile energy and food prices, rose 4.7% year-on-year, below June’s 4.8%, and increased 0.2% month-on-month.
At the same time, the KOSDAQ index was recorded at 913.47, up 2.18 points (0.24%) from the previous trading day. Individuals were the sole net buyers with purchases worth about 127 billion KRW, while foreigners and institutions sold approximately 79 billion KRW and 43.7 billion KRW, respectively.
Among the top market capitalization stocks, Pearl Abyss (4.42%), HLB (0.16%), and EcoPro (0.09%) showed strength. POSCO DX (-5.55%), SM (-2.20%), and JYP Ent. (-2.20%) declined.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
