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KOSPI touches 4,100 on institutional and foreign buying…Samsung Electronics recovers to 110,000-won level

Source
Korea Economic Daily
공유하기
  • It reported that KOSPI touched the 4,100 level due to large-scale net purchases by institutions and foreigners.
  • Samsung Electronics recovered to the 110,000-won level, and SK Hynix is showing about a 5% gain.
  • It said some top market-cap stocks such as LG Energy Solution and Ecopro BM and key KOSDAQ stocks are also strong.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.
photo=Shutterstock
photo=Shutterstock

KOSPI touched the 4,100 level during trading. This was thanks to large-scale purchases of stocks by institutions and foreigners. In particular, Samsung Electronics recovered to the 110,000-won level and SK Hynix is showing around a 5% gain, helped by strong rises of Micron Technology and Oracle in last weekend's New York market.

As of 10:58 a.m. on the 22nd, KOSPI was trading at 4,090.45, up 69.90 points (1.74%) from the previous day. During the session it widened gains to 2.09% and even hit 4,104.39.

Institutions and foreigners are lifting the index by net buying 911.6 billion won and 413.2 billion won worth of stocks on the KOSPI market, respectively. Foreigners are also buying 328.1 billion won worth of KOSPI 200 futures. On the other hand, individual investors are selling 1.3036 trillion won worth of stocks.

Top market-cap stocks are mixed.

However, Samsung Electronics and SK Hynix are strong due to Micron Technology and Oracle each surging about 6% in last weekend's New York market. Samsung Electronics is up 3.48% to 110,000 won, and SK Hynix is up 4.94%.

LG Energy Solution is also up 1.98% after Hana Securities analyst Kim Hyun-soo's assessment that last week's sharp drop created price appeal was reported.

Doosan Enerbility and Hanwha Aerospace are rising 1.94% and 1.24%, respectively.

By contrast, HD Hyundai Heavy Industries is down 1.15%, and Hyundai Motor is roughly flat.

KOSDAQ is trading at 928.78, up 13.51 points (1.48%) from the previous day. In that market, individuals and institutions are net buying 94.7 billion won and 9.1 billion won worth of stocks, respectively, while foreigners are selling 10.5 billion won worth.

Top market-cap stocks on KOSDAQ are generally rising.

Ecopro BM and Ecopro are up 2.26% and 2.07%, respectively.

Rainbow Robotics is also up 3%.

Among biotech stocks, Alteogen (-0.56%) and ABL Bio (-2.99%) are weak. Peptron and Samchundang Pharm are down 1.64% and 1.26%, respectively.

In the Seoul foreign exchange market, the won-dollar exchange rate is trading at 1,477.5 won per dollar, down 0.5 won (0.03%) from the previous day.

Han Kyung-woo Hankyung.com reporter case@hankyung.com

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Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.

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