Foreigners Net Buy 502.7 Billion Won... Slightly Firm Close
'NVIDIA Rebound' SK Hynix Rises Over 5%
AI Theme Beneficiaries Also Show Strong Gains
The KOSPI index closed near the 2800 level, supported by foreign buying.
On the 26th, the KOSPI closed at 2792.05, up 17.66 points (0.64%) from the previous day. The index opened at 2767.43, down 6.96 points (0.25%) from the previous session, but quickly reversed to an upward trend as buying interest flowed in shortly after the market opened. In the afternoon, additional buying pressure spread, pushing the index close to the 2800 mark.
By investor type, foreigners led the rise with net purchases of 502.7 billion KRW. Foreigners, who recorded nearly 800 billion KRW in net sales combined on the 20th and 21st last week, have continued net buying for two consecutive trading days this week. Meanwhile, individuals and institutions net sold 153.1 billion KRW and 375.7 billion KRW, respectively.
By sector, medical precision (2.25%), insurance (1.69%), and electrical and electronics (1.41%) showed strength. Conversely, pharmaceuticals (-0.86%), food and beverages (-0.65%), and non-metallic minerals (-0.63%) were weak.
355 stocks closed higher, 515 stocks closed lower, and 62 stocks were unchanged. Among the top 10 stocks by market capitalization, SK Hynix (5.33%) recorded a significant gain, attributed to the rebound of U.S. Nvidia after four trading days. Samsung Electronics (0.62%), Hyundai Motor (0.35%), Kia (1.40%), and NAVER (1.20%) also closed higher. Hyundai Motor, which is gaining attention for its upcoming IPO of its Indian subsidiary, hit a 52-week high. On the other hand, Samsung Biologics (-1.22%), Celltrion (-0.90%), KB Financial Group (-0.13%), and POSCO Holdings (-0.68%) ended the day lower. Additionally, Daewon Electric Wire surged 20.48% on expectations of winning a U.S. ultra-high voltage transformer order, and Samsung Air Conditioning, highlighted as a beneficiary of AI data centers, also posted a double-digit gain (12.49%). Dongyang Life Insurance, with ongoing M&A expectations, reached a 52-week high with a 5.24% increase.
Lee Jaewon, a researcher at Shinhan Investment Corp., said, "With the rebound of U.S. big tech, counter-buying interest flowed into Korea's AI-themed stocks, driving their rise. Export stocks to the U.S., such as shipbuilding, shipping, food and beverages, and cosmetics, also continue to show strength."
The KOSDAQ index closed at 842.12, up 0.13 points (0.02%) from the previous day.
By investor type, individuals were the sole net buyers with 130.5 billion KRW, while foreigners and institutions sold 115.8 billion KRW and 1.1 billion KRW, respectively.
743 stocks closed higher, 817 stocks closed lower, and 96 stocks were unchanged. All of the top 10 stocks by market capitalization closed lower. HLB recorded a double-digit decline (-10.71%), while Enchem (-2.93%), Rino Industry (-2.72%), Samchundang Pharm (-3.11%), and HPSP (-2.53%) all fell more than 2%. DevSisters, which is about to release the new title 'Cookie Run,' surged 28.96%, and EcoCap closed at the daily limit (29.95%) influenced by the surge of U.S. electric vehicle maker Rivian. EcoCap is classified as a Rivian-related stock, as German automaker Volkswagen plans to invest about 7 trillion KRW in Rivian.
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