The KOSPI index closed within a slightly lower range on the 17th, holding above the 6,700 level. The index's movement slowed as concerns over U.S.-led monetary tightening were offset by arguments that such impacts had already been pre-emptively priced in.
On this day, the KOSPI index closed at 6,715.41, down 2.56 points (0.04%) from the previous trading session. The intraday high-low range was 97.68 points.
According to cumulative data from Korea Exchange and NextTrade, other corporations purchased a net amount of 1.6998 trillion won, individuals bought 526 billion won, and institutional investors acquired 229 billion won in net purchases, while foreign investors sold off 2.4606 trillion won in net sales. The trading volume for other corporations reflected Samsung Electronics and SK Hynix's on-market share buybacks.
Samsung Electronics and SK Hynix both recorded slightly lower trends. Among the top market capitalization stocks, Hanwha Aerospace showed strong gains of over 3%, rising to rank 10th.
In addition, KB Financial Group posted gains in the 1st% range, while Samsung C&T and Hyundai Motor showed slightly lower trends. On the other hand, Samsung Electro-Mechanics declined by over 3%, SK Square fell by around 1%, while Samsung Biologics and LG Energy Solution closed with slightly lower trends.
By sector, KOSPI transportation equipment rose by over 2%, while machinery equipment and logistics warehouses gained in the 1st% range. General services, medical precision, textiles and apparel, food and tobacco, metals, retail, chemicals, electricity and gas, non-ferrous metals, insurance, pharmaceuticals, real estate, finance, and communications all showed slightly lower trends.
Entertainment and culture declined by over 1%, while electrical and electronics, paper and wood, IT services, securities, and manufacturing closed with slightly lower trends. Construction remained flat.
Lee Kyung-min, a researcher at Daishin Securities, stated, "Since the possibility of interest rate hikes has been largely pre-emptively priced in, market impact was limited, and as international oil prices stabilized, investor sentiment showed relatively positive trends."
He continued, "President Donald Trump of the United States held direct talks with Iran and made remarks suggesting that the war could end within this year, which also had a positive effect on investor sentiment. However, given the upcoming midterm elections, it is too early to fully trust these developments."
The KOSDAQ index closed at 822.18, up 6.20 points (0.76%) from the previous day. Institutional investors purchased a net amount of 47 billion won, and other corporations bought 14 billion won in net purchases, while foreign investors sold off 33 billion won and individuals sold 28.5 billion won in net sales.
Among top market capitalization stocks, Rainbow Robotics showed gains in the 1st% range, while Juseong Engineering, Rino Industrial, Robotis, and EcoPro closed with slightly lower trends. On the other hand, Simtek, EcoPro BM, IOTech, and Wonik IPS declined by over 1%, while AlteoGen remained flat.
By sector, KOSDAQ export-related equipment rose by over 3%, metals and transportation equipment gained in the 2nd% range, and electrical and electronics, IT services, and finance showed gains in the 1st% range. Medical precision, pharmaceuticals, manufacturing, paper and wood, general services, machinery equipment, chemicals, other manufacturing, non-ferrous metals, food and tobacco, logistics warehouses, construction, and communications all closed with slightly lower trends.
Entertainment and culture declined by over 2%, while retail, textiles and apparel, and communications closed with slightly lower trends.
On this day, the won/dollar exchange rate rose by 13.6 won from the previous day to close at 1,382.2, concluding the weekly trading on the Seoul foreign exchange market.
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