The KOSPI index is showing mixed trading around the 7,000 threshold in early trading on the 6th. Despite a favorable U.S. stock market overnight, a wait-and-see mood has intensified due to the lack of support from the two major semiconductor stocks.
At 9:10 a.m. on the day, the KOSPI index was calculated at 7,008.89, up 5.15 points (0.07%) from the previous trading session. After opening higher, it turned lower within about five minutes of the open and has continued to fluctuate around the flat line.
Based on cumulative data from Korea Exchange and NextTrade, institutional investors made net purchases worth 85.4 billion won, other corporations bought a net 34.1 billion won, and retail investors purchased a net 7.5 billion won, while foreign investors sold a net 132 billion won.
Samsung Electronics is trading flat, while SK Hynix shows weakness in the 1st% range. Among the remaining top market capitalization stocks, Samsung Electro-Mechanics has entered strength in the 3rd% range and SK Square in the 2nd% range, while Hyundai Motor, Samsung C&T, LG Energy Solution, and KB Financial Group show slight gains. Samsung Biologics shows weakness in the 1st% range, and Samsung Life Insurance is slightly lower.
With 505 stocks rising and 321 falling, SK Hynix was found to have contributed 15.58 points to the index decline. The market cites a wait-and-see mood ahead of the earnings season, Chairman Chey Tae-won of SK Group's announcement of a partial sale of his SK stake, and the results of an investigation into discharge water near SK Hynix's Icheon plant as background factors for the stock price weakness.
By sector, KOSPI securities and entertainment/culture are up in the 1st% range, while machinery/equipment, telecommunications, construction, finance, construction, distribution, IT services, food/beverage/tobacco, general services, textiles/apparel, pharmaceuticals, metals, electricity/gas, insurance, electrical/electronics, transportation equipment, and manufacturing show slight gains. Chemicals are down in the 1st% range, while real estate, paper/wood, non-metals, transportation/warehousing, and medical/precision instruments show slight declines.
On the 5th (local time), the U.S. Dow Jones 30 Industrial Average rose 0.18% from the previous day, and the S&P 500 index increased by 0.66%. The NASDAQ Composite Index rose 1.05%, closing at an all-time high. The Philadelphia Semiconductor Index also rose 0.27%.
Han Ji-young, a researcher at Kiwoom Securities, stated, "Samsung Electronics' earnings are scheduled for later this week, and since this Friday is a market holiday, we need to proceed with the possibility that substantive trends in stock price movements and supply/demand will emerge starting next week."
At this time, the KOSDAQ index is at 910.35, up 17.06 points (1.91%) from the previous day. Retail investors made net purchases worth 34.8 billion won, institutional investors bought a net 2.9 billion won, and foreign investors sold a net 38 billion won.
HLB is surging in the 20th% range and Samchundang Pharm in the 15th% range, while Jusung Engineering shows strength in the 4th% range, Ecopro BM, Rino Industrial, Ecopro, and RAINBOW Robotics in the 2nd% range, and Alteogen and Simmtech in the 1st% range. Iotech is slightly higher, and Iotech is flat.
By sector, KOSDAQ pharmaceuticals are up in the 5th% range, IT services in the 3rd% range, finance and general services in the 2nd% range, and manufacturing, entertainment/culture, medical/precision instruments, electrical/electronics, chemicals, transportation equipment, and machinery/equipment show strength in the 1st% range. Metals, distribution, other manufacturing, paper/wood, construction, and telecommunications show slight gains, while non-metals, publishing, textiles/apparel, and transportation/warehousing show slight declines.
The won/dollar exchange rate was recorded at 1,344.6 won in the Seoul foreign exchange market at 9:00 a.m., up 2.2 won from the previous day.
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