KOSPI Recovers to Around 2630 Level
On the 18th, when various positive factors such as the won's strength poured in, the KOSPI closed higher, recovering the 2630 level.
On that day, the KOSPI index closed at 2634.70, up 50.52 points (1.95%) from the previous trading day. The index started at 2595.46, up 11.28 points (0.44%), and continuously expanded its gains during the session. Foreigners purchased 581.1 billion won, institutions bought 68.7 billion won, while individuals sold 657.7 billion won alone.
On the 18th, the KOSPI index is displayed at the Korea Exchange in Yeouido, Seoul, having started higher and soaring past the 2610 level. Photo by Jo Yongjun jun21@
Among the top market capitalization stocks, POSCO Holdings (5.12%), Samsung SDI (5.05%), Kakao (4.69%), POSCO Future M (3.82%), Celltrion (3.57%), LG Energy Solution (3.43%), and Shinhan Financial Group (3.33%) rose. Hyundai Motor (-1.07%) and Kia (-0.80%) declined.
By sector, all sectors rose, including Steel & Metals (3.49%), Machinery (3.05%), Electric & Gas Utilities (2.71%), Pharmaceuticals (2.58%), Medical Precision Instruments (2.58%), Services (2.32%), Finance (2.14%), and Services (1.26%).
Joon-ki Cho, a researcher at SK Securities, said, "Although there were concerns about additional adjustments before the market opened due to the poor earnings announcement from Dutch semiconductor company ASML the previous day, the fact that much of this was already priced in the market and the sharply rising won on the day dispelled those worries. It is also encouraging that foreigners, who had been selling the domestic market with high intensity recently, returned. Combined with external positive factors, the index continuously expanded its gains during the session."
Jaewon Lee, a researcher at Shinhan Investment Corp., said, "In contrast to the previous day’s decline due to ASML’s earnings announcement, the strong performance of TSMC announced in the afternoon led the semiconductor sector, which had not risen due to the US stock market’s semiconductor sector decline, to rise, resulting in an expanded index gain. With the US continuing its measures against China, such as tariff increases on Chinese steel and aluminum, shipbuilding (Hanwha Ocean 14.8%), steel (POSCO Steelion 10.8%), and healthcare (Celltrion 3.6%) rebounded significantly. Low-price buying also flowed in, showing favorable stock price trends mainly in sectors with short-term excessive declines such as secondary batteries."
The KOSDAQ also experienced a rising market. The KOSDAQ index rose 22.62 points (2.72%) from the previous session to 855.65. The index started at 833.38, up 0.35 points (0.04%), and also expanded its gains to close the session. Foreigners and institutions bought 256 billion won and 58.4 billion won respectively, while individuals sold 310.9 billion won.
Among the top market capitalization stocks, most rose except Solbrain (-0.33%). Alteogen (9.58%), Samchundang Pharm (8.91%), EcoPro BM (6.51%), Celltrion Pharm (4.67%), Enchem (4.64%), HLB (4.40%), HPSP (3.77%), and JYP Entertainment (3.04%) showed strong performance.
In the Seoul foreign exchange market on that day, the won-dollar exchange rate closed at 1372.9 won, down 13.9 won from the previous trading day. Researcher Cho added, "Although the Middle East geopolitical risk has not ended yet, recent policy officials’ strong commitment to stabilizing the exchange rate has been effective. The won-dollar exchange rate, which had reached the 1400 won level, fell below 1375 won, and the stock market also showed a stable appearance accordingly."
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