Foreigners Stop 'Storm Selling' After 6 Days... KOSPI Recovers to 2460 Level

Foreign Investor Alone Buys 232.5 Billion KRW
Individual Investors Record Largest Net Selling This Month
Semiconductor Sector Strengthens... Impact of US Stock Market

Foreign investors switched to buying after 6 trading days, leading the KOSPI index to rebound to the 2460 level.

As of 11:09 a.m. on the 17th, the KOSPI is trading at 2466.31, up 26.27 points (1.08%) from the previous session. The KOSPI index opened at 2648.43, up 28.39 points from the previous trading day, reached a high of 2479 early in the session, and is currently moving around the 2460 level.

By investor type, foreign investors alone bought 232.5 billion KRW. Individuals sold 199.7 billion KRW, and institutions sold 27 billion KRW. This is the first time in 6 trading days that foreign investors have switched to net buying. Meanwhile, individuals, who had been net buyers for 3 consecutive days, are recording the largest net selling this month. Foreign investors had been net sellers for 5 consecutive days from the 12th to the 18th, with net sales totaling 1.4758 trillion KRW during this period.

By sector, all sectors except Chemicals (-0.24%), Steel & Metals (-0.8%), Electric & Gas (-2.31%), Transportation & Warehousing (-0.72%), and Telecommunications (-0.41%) are rising. Medical Precision (2.32%) and Electric & Electronics (2.16%) show gains exceeding 2%.

By individual stocks, 636 stocks are rising, 75 are unchanged, and 224 are falling. Among the top market capitalization stocks, Samsung Electronics (3.21%), SK Hynix (2.64%), and Kakao (2.11%) are showing gains in the 2-3% range. Semiconductor-related stocks are strong.

The U.S. stock market closed higher across the board yesterday (local time), led by gains in semiconductors. This was thanks to strong earnings from TSMC and optimistic outlooks for the artificial intelligence (AI) industry. The semiconductor sector as a whole was strong, including TSMC (9.8%), Apple (3.26%), Nvidia (1.9%), AMD (1.6%), Broadcom (3.6%), and Applied Materials (4.5%).

The KOSDAQ index is trading at 848.41, up 8.08 points (0.96%).

By investor type, foreign investors bought 54.4 billion KRW, institutions bought 115 billion KRW, and individuals sold 146.3 billion KRW.

Out of 1,702 stocks, 1,214 are rising, 339 are falling, and 79 are unchanged. Welkips Hightech is the only stock hitting the upper limit price (30.0%). Among the top market capitalization stocks, HPSP (5.22%), Rino Industrial (4.22%), Rainbow Robotics (4.97%), and Enchem (7.67%) are showing gains exceeding 4%.

Seonghoon Lee, a researcher at Kiwoom Securities, said, "From a technical perspective, this is a likely short-term bottom for the stock market. In the past, companies whose earnings momentum improved during periods when earnings forecasts were being revised downward showed relatively favorable performance, so attention should be paid to corporate earnings outlooks." He added, "Investments should be made considering the earnings momentum of individual companies, focusing on stocks that have been excessively sold."