Foreigners Buy in KOSPI Futures and Spot Markets
Large Tech Stocks Strengthen
Despite the US Consumer Price Index (CPI) for August exceeding expectations, the KOSPI and KOSDAQ closed with gains of over 1%. Although the headline CPI indicator was higher than expected, the market appeared to focus on the core CPI meeting expectations. Large-scale 'buying' by foreigners in the futures market and the strength of major tech stocks also increased upward pressure on the KOSPI.
On the 14th, the KOSPI closed at 2,572.89, up 1.51% (38.19 points) from the previous day. It started the day at 2,544.89, up 0.40% (10.19 points), and maintained a steady upward trend.
Institutions alone net purchased 1.2145 trillion KRW, driving the index. Individuals and foreigners net sold 705.1 billion KRW and 515.9 billion KRW, respectively. In the futures market, foreigners alone bought 1.1506 trillion KRW. Conversely, individuals and institutions sold 645.3 billion KRW and 427.3 billion KRW, respectively.
Among the top 10 stocks by market capitalization, all showed gains. Notable increases included Samsung SDI +4.66%, POSCO Holdings +4.54%, SK Hynix +3.12%, LG Energy Solution +2.73%, and LG Chem +2.41%.
The KOSDAQ closed at 899.47, up 1.90% (16.75 points) from the previous day. It started the day at 888.19, up 0.62% (5.47 points), and significantly widened its gains. Foreigners and institutions net purchased 148.2 billion KRW and 93.9 billion KRW, respectively, lifting the index. Meanwhile, individuals alone net sold 245.5 billion KRW.
Among the top 10 stocks by market capitalization, only Celltrion Healthcare remained flat, while all others closed higher. POSCO DX rose 7.07%, ranking first in gains. Other notable increases included Rainbow Robotics +5.08%, JYP Entertainment +4.18%, HLB +3.73%, and EcoPro BM +3.64%.
Lee Kyung-min, a researcher at Daishin Securities, analyzed, "The absence of a clear shift in the probability of the US base interest rate being held or raised this year following the US inflation announcement also positively influenced investor sentiment."
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