KOSPI Rebounds as Institutional Investors Turn to Buying, Recovers 6,900 Level… KOSDAQ Also Up Over 3%

Korea’s two major stock indices, KOSPI and KOSDAQ, are both showing an upward trend during intraday trading on the 1st. The rise in the indices is interpreted as being driven by buying pressure from institutional investors and gains in semiconductor stocks.

As of 2:33 p.m. on the day, KOSPI was trading at 6,953.16, up 115.12 points (1.68%) from the previous trading day. The KOSPI index, which had fallen to the 6,700 level in early trading, recovered to the 6,900 level during intraday sessions.

In the KOSPI market, institutional investors recorded net purchases of 259.4 billion won based on Korea Exchange data. Pension funds and private equity funds are buying 181.5 billion won and 116.4 billion worth of shares, respectively. Retail investors and foreign investors are making net sales of 1 trillion 114.2 billion won and 628.3 billion won, respectively.

Among KOSPI sectors, medical and precision equipment is up more than 4%, while pharmaceuticals are rising by over 3%. Electrical and electronics, manufacturing, and securities are showing gains in the 2nd% range. Metals are up in the 1st% range. Machinery and equipment, electricity and gas, general services, and distribution are trading slightly higher. Transportation and warehousing, finance, telecommunications, non-metals, and insurance are slightly lower. Chemicals are down in the 1st% range.

Among top KOSPI stocks by market capitalization, SK Hynix and Samsung Biologics are up in the 3rd% range. Samsung Electronics, Samsung Electric, and Hanwha Aerospace are rising by more than 2%. SK Square and Samsung C&T are up in the 1st% range. LG Energy Solution and Hyundai Motor are trading slightly higher. Samsung Life Insurance is trading slightly lower. KB Financial Group is down in the 1st% range.

KOSDAQ is showing 888.10, up 32.19 points (3.76%) from the previous trading day.

In the KOSDAQ market, foreign investors and institutional investors are making net purchases of 214.2 billion won and 318.9 billion won, respectively. Retail investors are making net sales of 507.6 billion won.

Among sectors, general services, machinery and equipment, and electrical and electronics are up in the 4th% range. Medical and precision equipment, manufacturing, chemicals, pharmaceuticals, and finance are rising by more than 3%. Textiles and apparel are up in the 2nd% range, while non-metals, distribution, IT (information and communications) services, and metals are up in the 1st% range. Telecommunications and other manufacturing are trading slightly higher, while transportation and warehousing, food and tobacco, among others, are showing slight declines. Entertainment and culture is down in the 1st% range.

All stocks ranking within the top 10 by market capitalization are uniformly showing an upward trend. In particular, strength is notable mainly in semiconductor equipment stocks. Lino Industrial and Wonik IPS are surging in the 8th% and 7% ranges, respectively. Iotech and Simmtech are jumping more than 6% and 5%, respectively. Ecopro and Ecopro BM are both rising by more than 4%. Alteogen and RAINBOW Robotics are up in the 3rd% range. Jusung Engineering is rising by more than 2%.