KOSPI is rising in early trading on the strength of semiconductor stocks and simultaneous net buying by foreign and retail investors, despite net selling by institutional investors. Top market capitalization AI (artificial intelligence) and semiconductor stocks are also strong, influenced by SK hynix's record-high earnings announcement.
As of 9:27 a.m. on Thursday, KOSPI stands at 6096.54, up 84.10 points (1.40%) from the previous trading day. KOSPI opened at 6017.22, up 4.78 points (0.08%), remained in the flat range in early trading before turning to a gain on rising semiconductor stocks, and is now eyeing breaking above the 6,100 mark for the first time in 11 trading days.
Han Ji-young, an analyst at Kiwoom Securities, said, "Today's domestic stock market will digest earnings events from major sectors such as Samsung Electronics' conference call and Hyundai Motor, Samsung SDI, and Hanwha Aerospace, transitioning to a sector-differentiated market."
She added, "While uncertainty over FCF (free cash flow) stemming from Alphabet (Google) will be at the center of today's stock market news flow, greater emphasis should be placed on the fact that SK hynix's earnings yesterday alleviated some of the market's distrust and doubts regarding AI profitability."
In the KOSPI market based on Korea Exchange data, retail investors are net buying 185.4 billion won, foreign investors are net buying 283.3 billion won, and institutional investors are net selling 474.2 billion won. Foreign investors had been net selling 19.0579 trillion won from the 1st to the 26th, but have continued a net buying streak for three consecutive trading days since the 27th.
By sector, electrical and electronics are up in the 1% range, while telecommunications and metals are down in the 1% range, and transportation equipment and parts, machinery and equipment, and chemicals are down in the 2% range. Other stocks are fluctuating around the flat line.
Among top market capitalization stocks, SK hynix and SK Square are up in the 5% range, Samsung SDI is up in the 3% range, Samsung C&T is up in the 2% range, and Samsung Electronics is up in the 1% range. Samsung Life Insurance and Samsung Electro-Mechanics are slightly higher, while Celltrion, Samsung Biologics Logistics, and Kia are slightly lower. Shinhan Financial Group and Hyundai Motor are down in the 1% range, and LG Energy Solution is down in the 6% range.
At the same time, KOSDAQ stands at 763.30, down 7.98 points (1.03%) from the previous trading day.
In the KOSDAQ market, retail investors are net buying 93 billion won, while foreign investors and institutional investors are net selling 65 billion won and 17.2 billion won, respectively.
By sector, publishing and media reproduction, non-metals, and transportation and warehousing are slightly higher, while IT services, construction, pharmaceuticals, finance, general services, machinery and equipment, and textiles and apparel are down in the 1% range, and transportation equipment and parts, and medical and precision instruments are down in the 2% range. All other sectors remain in the slightly lower range.
Among top market capitalization stocks, Iotech is up in the 1% range, {Jusung Engineering} is slightly higher, while Rino Industrial, Alteogen, and Simtech are slightly lower. Ecopro, Wonik IPS, PSK Holdings, HPSP, and Samchundang Pharmaceutical are down in the 1% range, Ecopro BM, HLB, and Robotis are down in the 2% range, and Rainbow Robotics is down in the 3% range.
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