On the 24th, the KOSPI closed lower. While semiconductor stocks fell amid perceptions of being overbought, automobile stocks ended higher on expectations of tariff suspension.
On that day, the KOSPI index closed at 2,632.07, down 11.06 points (0.42%) from the previous trading day.
Individuals and institutions showed net selling of 77 billion KRW and 3 billion KRW respectively, while foreigners recorded net buying of 6 billion KRW.
On the 24th, the closing prices of KOSPI and KOSDAQ were displayed on the status board in the dealing room of Hana Bank in Jung-gu, Seoul. On that day, the KOSPI closed at 2,632.07, down 11.06 points (0.42%) from the previous session, while the KOSDAQ index closed at 720.22, up 0.81 points (0.11%) from the previous session. Yonhap News
With the Donald Trump administration in the U.S. announcing mutual tariffs scheduled for the 2nd of next month, news that some items including automobiles might be excluded led to notable gains in Hyundai Motor (3.90%), Kia (3.13%), and Hyundai Mobis (4.88%).
After the market closed on the 20th, Hanwha Aerospace announced a rights offering worth 3.6 trillion KRW to raise investment funds, causing its stock price to plunge 13.02%, but it rebounded, closing up 7.48% on this day.
The stock price rebound appears to have been supported by the announcement that Kim Dong-kwan, CEO of Hanwha Aerospace's Strategy Division, and other executives would purchase company shares worth 4.8 billion KRW the previous day.
On the other hand, semiconductor stocks such as Samsung Electronics (-1.94%) and SK Hynix (-1.86%) declined due to perceptions of being overbought. Additionally, POSCO Holdings (-5.37%) and Samsung Biologics (-1.55%) also closed lower.
The KOSDAQ index closed at 720.22, up 0.81 points (0.11%) from the previous trading day. Individuals were net buyers of 58.6 billion KRW, while foreigners and institutions were net sellers of 33.7 billion KRW and 27.3 billion KRW respectively.
Among the top market capitalization stocks, HLB surged 15.70%. HLB had been declining recently due to news of a failed new drug development but rebounded on news of a May reattempt for a liver cancer drug. Following were Alteogen (1.08%), Samchundang Pharm (1.80%), and Kolon TissueGene (1.56%) which rose. EcoPro BM (-2.86%), EcoPro (-1.96%), Rainbow Robotics (-1.73%), Hugel (-1.50%), Classys (-1.54%), and Rigachem Bio (-1.00%) declined.
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