Started lower but rose with buying momentum after opening
Individuals 'buy', foreigners and institutions 'sell'
Hanwha Aero, Hyundai Rotem, HD Hyundai Elec hit all-time highs
The KOSPI index reversed to an intraday rise, supported by individual buying momentum.
As of 10:23 AM on the 24th, the KOSPI is trading at 2776.80, up 0.09% (2.51 points) from the previous day. The KOSPI index opened at 2755.5, down 18.79 points (0.68%) from the previous trading day, but buying pressure after the open pushed it above the previous closing price (2774.29), reversing into positive territory.
By investor type, individuals led the rise by purchasing 150 billion KRW alone. In contrast, institutions and foreigners are net selling 2 billion KRW and 142.2 billion KRW, respectively.
By sector, pharmaceuticals (2.98%), medical precision instruments (1.67%), and chemicals (0.78%) are showing upward trends. Conversely, construction (-0.71%), telecommunications (-0.64%), and transportation equipment (-0.57%) are weak.
480 stocks are rising, 372 are falling, and 76 are unchanged. Among the top 10 stocks by market capitalization, Samsung Electronics, known to have passed the quality verification test for supplying the 4th generation high-bandwidth memory (HBM3) to Nvidia for the first time, is down 1.43%. This is interpreted as a reaction to a Reuters report stating that while the 4th generation passed, the 5th generation has not yet met the standards. Meanwhile, SK Hynix is up 1.71%. Samsung Biologics (3.77%) shows the highest increase among the top 10 by market cap, while KB Financial (-3.74%) is the biggest decliner.
Defense industry leaders known as 'Trump theme stocks,' Hanwha Aerospace (4.18%) and Hyundai Rotem (0.86%), hit all-time highs. Another defense affiliate of Hanwha Group, Hanwha Systems (8.39%), is also strong. HD Hyundai Electric (5.78%), the leader in power equipment, which posted an 'earnings surprise' (better-than-expected results) in its earnings announcement yesterday, also reached an all-time high. Related companies in the same industry are also rising, with LS ELECTRIC (3.86%) and Hyosung Heavy Industries (2.08%) gaining.
The previous day, the three major U.S. stock indices in New York closed slightly lower. Amid caution over big tech earnings, the indices fluctuated within a narrow range. After the market close, Tesla reported an 'earnings shock' (results below expectations), while Alphabet, Google's parent company, posted an earnings surprise. Microsoft (on the 25th), Meta (on the 26th), Apple and Amazon (on August 3rd), and Nvidia (on August 28th) are scheduled to announce earnings in sequence.
The KOSDAQ index is trading at 818.83, up 6.71 points (0.83%) from the previous day. The KOSDAQ index, which opened down 0.33% at 809.45, also reversed to an intraday rise.
By investor type, individuals and institutions are buying 17.1 billion KRW and 10.6 billion KRW, respectively. Foreigners are net selling 20.2 billion KRW.
901 stocks are rising, 639 are falling, and 118 are unchanged. Among the top market cap stocks, EcoPro BM (2.01%), Alteogen (4.39%), Celltrion Pharm (2.92%), Classys (1.83%), and Rigachem Bio (1.46%) are showing good momentum.
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