KOSPI, which briefly recovered to above 5,500 during intraday trading, ended lower as it was pushed down by foreign net selling. Foreign investors, who had made net purchases for three consecutive days up until the previous day, showed a buying bias in the morning but increased their net selling scale in the afternoon, dragging the index down.
Next week, domestic stock markets are set to face key schedules in the AI (artificial intelligence) industry, including NVIDIA’s earnings report amid concerns over former CEO Jensen Huang’s risks and Anthropic’s IPO. With macroeconomic burdens from rising interest rates and oil prices due to tensions between the United States and Iran piling on, market uncertainty is expected to continue.
On the 13th, KOSPI closed at 5,290.53, down 52.20 points (0.98%) from the previous trading day. On this day, KOSPI opened at 5,452.41, up 109.68 points (2.05%), and at one point rose to 5,504.44 during intraday trading. However, it subsequently narrowed its gains and turned lower around 11:40 a.m. as foreign investors shifted to net selling.
In the KOSPI market, retail investors made net purchases of 17.1 billion won, and institutional investors made net purchases of 2.3 billion won, while foreign investors made net sales of 547.5 billion won. The streak of three consecutive trading days of foreign net purchases up to the 12th was broken.
By sector, telecommunications, securities, general services, and real estate rose by over 1%, IT services, manufacturing, metals, and electrical/electronics fell by over 1%, and electric/gas fell by over 7%. The weakness in electric/gas is interpreted as being driven by rising oil prices following U.S. President Trump’s remarks that negotiations with Iran are unnecessary. Electrical/electronics, which includes semiconductor stocks, rose by over 4% during the morning on strength from Samsung Electronics and SK hynix, but turned weak after both Samsung Electronics and SK hynix reversed into declines.
Among top market capitalization stocks, Shinhan Financial Group rose by over 5%, KB Financial Group by over 4%, Celltrion by over 2%, and Hyundai Motor, Kia, and Samsung SDI by over 1%. LG Energy Solution fell by over 1%, Samsung Biologics by over 2%, and SK hynix, Samsung Electro-Mechanics, and SK Square by over 3%. The market leader, Samsung Electronics, ended trading slightly lower.
The securities industry advised that investors should respond cautiously while monitoring supply-demand flows for the time being. Research analysts Im Jeong-eun and Tae Yoon-seon from KB Securities stated, “Foreign investors shifted to net selling in KOSPI for the first time in four trading days on this day, indicating that continuity in supply-demand has not yet been confirmed during the rebound process.” They added, “With major AI-related events scheduled, including NVIDIA’s earnings report on the 17th (local time) and Anthropic’s NASDAQ listing on the 19th (local time), it is necessary to closely watch market reactions and supply-demand changes based on event outcomes, as burdens from inflation and interest rates continue.”
KOSDAQ closed at 699.66, up 3.13 points (0.45%) from the previous trading day. On this day, KOSDAQ opened at 705.96, up 9.43 points (1.35%) from the previous trading day, and at one point rose by over 4% during intraday trading to reach 725.81. KOSDAQ expanded its gains on expectations for the “Capital Market Policy Consultation” held at the Korea Exchange in Yeouido, Seoul, at 9:30 a.m., presided over by President Lee Jae-myung. However, as no specific execution plans were disclosed during the consultation, it gave back its gains and failed to recover the 700th mark on a closing price basis.
In the KOSDAQ market, institutional investors made net purchases of 126.2 billion won, while retail investors made net sales of 56.3 billion won and foreign investors made net sales of 75.1 billion won.
By sector, non-metals rose by over 5%, transportation equipment/parts by over 2%, and machinery/equipment and distribution by over 1%. Pharmaceuticals and medical/precision instruments fell by over 1%. Other sectors were flat.
Among top market capitalization stocks, PSK Holdings rose by over 6%, Rainbow Robotics by over 5%, Robotis and EcoPro BM by over 1%. Lino Industrial, Samchundang Pharm, and Wonik IPS fell by over 1%, while IoTech and HLB fell by over 2%.
In the Seoul foreign exchange market, the won/dollar exchange rate closed daily trading at 1,330.7 won, down 2.9 won from the previous trading day.
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