KOSPI Stabilizes at 2660 Due to Institutional Buying... Semiconductor Stocks Rally

Supported by buying pressure from institutions and foreigners, the KOSPI settled at the 2660 level.

As of 9:45 a.m. on the 22nd, the KOSPI index stood at 2664.74, up 0.43% from the previous trading day.

Institutions and foreigners are net buying 118.6 billion KRW and 5 billion KRW respectively, while individuals are showing a net selling dominance of 124.7 billion KRW.

Among the top market capitalization stocks, all are rising except LG Chem (-0.30%). SK Hynix is up more than 3% at 3.56%, boosted by Nvidia's surprise earnings, and Samsung Electronics is also rising at 0.33%. LG Energy Solution (1.47%), along with low price-to-book ratio (PBR) stocks such as Hyundai Motor (1.04%) and Kia (0.86%), are also on the rise.

At the same time, the KOSDAQ index is up 0.56% from the previous trading day, standing at 868.93. Individuals and institutions are buying 53.3 billion KRW and 16 billion KRW respectively, while foreigners are selling 55.1 billion KRW.

Enchem, which had been on a recent upward trend, fell more than 4% at -4.13%, while the superconductor company Sinseong Delta Tech surged significantly by 15.44%. Alteogen (3.73%), EcoPro BM (0.80%), and Celltrion Pharm (1.20%) are also on the rise.