The KOSPI index is continuing its intraday strength as foreign investors engage in net buying.
As of 10:09 AM on the 14th, the KOSPI index is trading at 2642.86, up 0.81% from the previous day.
By investor type, foreigners and individuals are net buyers with 42.2 billion KRW and 12.7 billion KRW respectively, while institutions are net sellers with 56 billion KRW. In the futures market, institutions and individuals are net buyers with 146 billion KRW and 17.9 billion KRW respectively, whereas foreigners are net sellers with 177.6 billion KRW.
Today, the KOSPI index started strong, buoyed by gains in the New York stock market. The New York market rebounded across the board as the July Producer Price Index fell short of market expectations, increasing hopes for interest rate cuts and reviving expectations of disinflation.
By sector, more sectors are rising. Electrical and electronics are up 1.84%, food and beverages 1.59%, machinery 1.23%, manufacturing 1.06%, chemicals 0.99%, steel and metals 0.93%, paper and wood 0.59%, securities 0.37%, and electric and gas utilities 0.18%. Conversely, pharmaceuticals are down 1.6%, insurance -1.35%, telecommunications -0.64%, and textiles and apparel -0.37%.
Among the top market capitalization stocks, performances are mixed. Samsung Electronics and SK Hynix are up 1.45% and 2.64% respectively, LG Energy Solution 2.88%, KB Financial Group 0.35%, Shinhan Financial Group 0.36%, and POSCO Holdings 1.39% are also strong. On the other hand, Samsung Biologics is down 2.56%, Hyundai Motor -0.21%, Celltrion -0.47%, and Kia -0.19% are declining.
At the same time, the KOSDAQ index is rising over 1%, supported by net buying from institutions and foreigners. The KOSDAQ index is trading at 775.56, up 1.39% from the previous day. By investor type, institutions and foreigners are net buyers with 16.9 billion KRW and 38.5 billion KRW respectively, while individuals are net sellers with 45.2 billion KRW.
Most of the top market capitalization stocks are rising. Ecopro BM and Ecopro are up 3.38% and 2.0% respectively, Alteogen 0.34%, HLB 0.83%, Enchem 10.24%, Samchundang Pharm 0.86%, Hugel 3.11%, and Lino Industrial 1.22% are also strong. Conversely, Rigakem Bio is down 0.11%, and Celltrion Pharm is down 1.42%.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1361.4 won, down 5.1 won from the previous day.
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