On the 26th, the domestic stock market closed higher across the board despite negative factors from the U.S., such as a sharp decline in AI leader stocks like Nvidia and a slowdown in consumer indicators. Now, market attention is turning to Nvidia's earnings report to be released tomorrow morning.
On that day, the KOSPI closed at 2641.09, up 10.80 points (0.41%) from the previous session. The KOSPI started at 2629.86, down 0.43 points (0.02%), and at one point during the session fell to 2620.16, but later reduced losses and successfully rebounded. Individual and foreign investors sold 22.3 billion KRW and 321.6 billion KRW respectively, while institutions net bought 240.9 billion KRW.
Ji-won Kim, a researcher at KB Securities, commented on the domestic market's resilience, saying, "The Bank of Korea's Monetary Policy Committee's decision to cut interest rates, the pension funds' 38 consecutive trading days of net buying of the KOSPI, and the relatively weak performance compared to the global stock market last year all contributed in combination." He added, "Although the domestic market started weak early in the session, buying momentum increased over time, leading to a rebound."
Among the top market capitalization stocks, Kakao Pay (9.61%), Celltrion (8.73%), Kakao (5.91%), Krafton (4.62%), Kakao Bank (4.14%), POSCO Future M (4.07%), and POSCO Holdings (2.73%) saw their stock prices rise. Conversely, HD Hyundai Heavy Industries (-4.55%), Hyundai Rotem (-3.93%), LIG Nex1 (-3.92%), Hanwha Systems (-4.38%), and Hanwha Ocean (-3.59%) experienced declines.
On the same day, the KOSDAQ closed at 771.41, up 1.98 points (0.26%) from the previous day. The index started at 769.00, down 0.43 points (0.06%), but buying momentum centered on secondary battery stocks and pharmaceutical/biotech stocks pushed it into positive territory. Researcher Kim explained the strength, saying, "Although Tesla's sales in Europe decreased, news of increased pure electric vehicle sales in the European market and Lucid's solid earnings had a positive impact."
On that day in the KOSDAQ, foreigners and institutions net sold 71.1 billion KRW and 36.1 billion KRW respectively, while individuals alone bought 118.6 billion KRW. Among the top market capitalization stocks, Cafe24 (27.32%), GI Innovation (9.79%), Celltrion Pharm (8.90%), Medytox (5.32%), Hyzen R&M (5.74%), Wemade (4.42%), EcoPro BM (4.13%), and EcoPro (4.74%) rose. Cafe24 hit a 52-week high following news of a turnaround to operating profit last year. Conversely, Silicon Two (-22.94%), VT (-7.75%), Wonik IPS (-5.22%), and Hana Materials (-4.60%) saw their stock prices slip.
Despite the U.S. stock market declining for four consecutive trading days and showing sluggishness, the domestic market's solid performance is gradually fostering optimism. Su-yeon Kim, a researcher at Hanwha Investment & Securities, said, "While the U.S. market rose 54% over the past two years, markets outside the U.S. only increased by 16%, and this year they are catching up to that gap." She added, "When markets outside the U.S. rise, the Korean market tends to rise even more. The recent strengthening of the Korean won is also favorable for the KOSPI."
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