The KOSPI showed an upward trend early in trading on the 26th, supported by a decline in U.S. long-term bond yields and a rebound in semiconductor stocks. Attention is focused on whether it can close higher today as well, following a successful intraday rebound yesterday.
As of 9:25 a.m. today, the KOSPI was up 44.93 points (0.67%) from the previous trading day at 6,787.67. The KOSPI initially fell by 15.49 points (0.23%) but successfully turned upward early in the session.
Overnight, the New York stock market closed higher as falling international oil prices and U.S. Treasury yields coincided with inflows of bargain-hunting in semiconductor stocks. On the 25th (local time), the Dow Jones Industrial Average closed up 160.24 points (0.30%) at 53,577.40. The S&P 500 index ended trading up 24.42 points (0.32%) at 7,677.28, while the NASDAQ index, centered on technology stocks, closed up 171.109 points (0.66%) at 26,151.30.
Major technology stocks including NVIDIA, Meta, and Micron all rose together. NVIDIA successfully rebounded after eight trading days, rising 2.19%. NVIDIA is scheduled to announce its earnings after the market closes on the 26th.
Additionally, the Conference Board, a U.S. economic research organization, announced that the August Consumer Confidence Index, based on U.S. consumers' perception of the economy, recorded 89.4. This figure falls below the market forecast of 90.4.
Kiwoom Securities researcher Han Ji-young stated, "The weak August Conference Board Consumer Confidence Index, expectations for additional intervention by the U.S. Treasury in the bond market, and a retreat in the possibility of military conflict and hopes for an armistice following the announcement of U.S. economic sanctions on Iran contributed to declines in interest rates and oil prices." She added, "The domestic stock market is expected to rise as well, supported by favorable external conditions such as falling yields on U.S. 10-year and 30-year Treasury bonds and strong performance in the Philadelphia Semiconductor Index above 1%."
In today's KOSPI market (based on integration between Korea Exchange and NextTrade), individuals made a net purchase of 391 billion won. Foreign investors and institutional investors recorded net sales of 381 billion won and 14.1 billion won, respectively.
Among KOSPI sectors, electricity & gas and construction rose by over 2%. Communications, insurance, entertainment & culture, and machinery & equipment are up more than 1%. Distribution, pharmaceuticals, securities, electrical & electronics, non-ferrous metals, and manufacturing are trading with slight gains. Transportation & warehousing and IT (information and communications) services show slight declines. Metals and chemicals fell by over 2%.
Among the top market capitalization stocks in the KOSPI, major semiconductor companies Samsung Electronics and SK Hynix both rose by more than 1%. Samsung Life Insurance and Samsung C&T, which have equity ties with Samsung, rose by over 3% and over 1%, respectively. Doosan Enerbility, which surged yesterday on expectations of new nuclear power plant orders in North America, continued its upward trend today, rising by over 1%. On the other hand, SK Square, Hyundai Motor, Samsung Biologics, and KB Financial Group showed slight declines. Samsung Electro-Mechanics and LG Energy Solution fell by over 1%.
The KOSDAQ stood at 826.57, down 0.58 points (0.07%) from the previous trading day.
In the KOSDAQ market, foreign investors and institutional investors recorded net sales of 34 billion won and 8.2 billion won, respectively. Individuals made a net purchase of 42.4 billion won.
Among KOSDAQ sectors, most were trading flat with minor fluctuations. Machinery & equipment and communications fell by over 1%. Distribution, finance, chemicals, IT services, electrical & electronics, manufacturing, non-ferrous metals, and medical & precision instruments showed slight declines. Food & tobacco, pharmaceuticals, construction, and entertainment & culture recorded slight gains. Textiles & apparel rose by over 1%, and metals rose by over 2%.
Among the top market capitalization stocks in KOSDAQ, Iotech was down by over 3%. Wonik IPS fell by more than 2%. AlteoGen, EcoPro BM, Rainbow Robotics, Juseong Engineering, and Rino Industrial were down by over 1%. HLB showed a slight decline. Pharmic Research was the only one among the top 10 market capitalization stocks to rise by over 3%.
As of 9 a.m. today in Seoul's foreign exchange market, the won/dollar exchange rate traded at 1,382.1 won, down 0.6 won from the previous day's closing price.
in STOCK
