With U.S. big tech company Meta set to announce its earnings in the early hours of tomorrow morning Korea time, both major domestic stock exchanges are showing strength in early trading. The KOSPI is being supported by foreign and institutional investors, while the KOSDAQ is receiving support from retail and institutional investors.
As of 9:04 a.m. on Wednesday, the KOSPI index stood at 5,659.90, up 107.16 points (1.93%) from the previous day. The KOSPI opened at 5,653.99, up 113.60 points (2.05%), on this day. The KOSPI rebounded after one day.
Recently, the KOSPI has been in a lull following an unprecedented level of overselling. Debt burdens from AI (artificial intelligence) investments have acted as negative factors for the domestic semiconductor sector, leading to continued declines in stock prices of related stocks and sluggishness in the stock market.
On this day, buying pressure from foreign and institutional investors is appearing in the KOSPI. As of this moment, foreign and institutional investors are making net purchases of KOSPI stocks worth 92.6 billion won and 59.8 billion won, respectively. In contrast, retail investors are making net sales of stocks worth 152.1 billion won.
By industry in the KOSPI, electrical and electronics is showing strength in the 3rd% range, while construction, manufacturing, medical and precision equipment, and securities are showing strength in the 2nd% range. Metals are down in the 1st% range.
Among top market capitalization stocks in the KOSPI, Samsung Electronics and SK Hynix are rising by more than 2% and 4%, respectively. SK Square, which is linked to these stocks through shareholding and business ties, rose by more than 2%, while Samsung C&T rose by more than 3%.
The KOSDAQ stood at 795.27 as of the same time, up 13.30 points (1.70%) from the previous trading day. The KOSDAQ opened at 793.40, up 11.43 points (1.46%), on this day and is continuing its strong performance.
As of this moment, retail and institutional investors are making net purchases of KOSDAQ stocks worth 29.6 billion won and 8.7 billion won, respectively. Foreign investors are making net sales of stocks worth 36.7 billion won.
By sector in the KOSDAQ, general services and non-metals are up in the 3rd% range as of this moment, while machinery and equipment, electrical and electronics, chemicals, manufacturing, and finance are each up in the 2nd% range. Publishing and media reproduction is down in the 1st% range.
Among top market capitalization stocks in the KOSDAQ, Alteogen, Ecopro BM, Jusung Engineering, HPSP, PSK Holdings, and PSK are showing strength in the 4th% range.
The won/dollar exchange rate stood at 1,324.8 won as of 9:00 a.m. on this day.
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