Samsung Electronics and SK Hynix Rally
Foreign and Institutional Investors Buy KOSPI
HLB Surges 11.10%
On the 16th, the Korean stock market opened higher, driven by combined buying from foreigners and institutions. Samsung Electronics and SK Hynix showed strong performance, leading the index. The US April Consumer Price Index (CPI) released the previous day (local time) slightly missed expectations, increasing hopes for a rate cut in September. This is interpreted as a factor boosting risk asset preference, with the US stock market closing at record highs across the board.
As of 9:09 AM, the KOSPI is at 2771.66, up 1.50% (40.86 points) from the previous trading day. The KOSPI started the day at 2770.27, up 1.46% (39.93 points).
Foreigners and institutions are net buyers of 57 billion KRW and 218.5 billion KRW respectively. Individual investors are solely net sellers of 269.7 billion KRW. In the futures market, only foreigners are buying, with purchases totaling 491.2 billion KRW. Individuals and foreigners are selling 143.8 billion KRW and 359.7 billion KRW respectively.
Among the top 10 stocks by market capitalization, all are on the rise. Samsung Electronics is up 1.92% at 79,800 KRW. SK Hynix leads with a 4.21% increase to 193,100 KRW. NAVER is also trading up 2.01% at 188,100 KRW.
As of 9:13 AM, the KOSDAQ is at 873.17, up 1.28% (11.02 points) from the previous trading day. The KOSDAQ started at 872.31, up 1.18% (10.16 points). Institutions are the sole net buyers with 47.9 billion KRW. Individuals and foreigners are net sellers of 35.2 billion KRW and 2.9 billion KRW respectively.
Among the top 10 stocks by market capitalization, only Ecopro BM (-0.48%) and Rino Industrial (-1.21%) are down. HLB surged 11.10% to 105,100 KRW. Alteogen is up 2.92%, HPSP 2.85%, and Enchem 2.38%, following in ascending order.
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