KOSPI attempts to break 4200 as semiconductor stocks rise… exchange rate settles in the early-1430 won range
Summary
- The KOSPI is attempting to break 4200 thanks to strength in semiconductor stocks.
- On the securities market, net buying by individuals and foreigners is leading the gains, while institutions are net sellers.
- The won–dollar exchange rate has settled in the early-1430 won range and is down from the previous session.
The KOSPI is approaching the 4200 level thanks to strength in semiconductor stocks.
As of 11:00 a.m. on the 29th, the KOSPI stood at 4192.6, up 63.12 points (1.53%) from the previous session. The KOSPI, which started trading around the 4140 level, trended upward and even rose to 4199.46 during the session.
On the KOSPI market, individuals and foreigners were net buyers of 491.8 billion won and 118.4 billion won, respectively, leading the gains. Institutions were net sellers of 556.9 billion won.
The KOSDAQ index was trading at 926.77, up 7.1 points (0.77%) from the previous trading day. The KOSDAQ index has been staying around the 920 level during the session.
Among top market-cap stocks, Hanwha Aerospace (9.31%), which was removed from the investment warning list, and SK Hynix (5.34%) showed notable gains. Hanwha Aerospace also reported that it won a contract to develop a lunar lander propulsion system.
Other strong performers included Naver (3.67%), SK Square (3.14%), Doosan Enerbility (2.17%), Samsung Electronics (1.79%), Hyundai Motor (1.75%), HD Hyundai Heavy Industries (0.98%), and Samsung Biologics (0.65%).
LG Energy Solution was down 1.56%. After market close on the 26th, LG Energy Solution disclosed that, due to FBPS, a U.S. battery pack maker, withdrawing from the battery business, it will mutually terminate the electric vehicle battery module supply contract signed in April last year. The termination amount is 3.9217 trillion won based on the exchange rate on the disclosure date.
In the KOSDAQ market, individuals were net buyers of 331.7 billion won. Foreigners and institutions were net sellers of 136.8 billion won and 135.5 billion won, respectively.
Top KOSDAQ market-cap stocks were mixed. Peptron (6.32%), Pharmaresearch (5.02%), HLB (4.13%), Samchundang Pharm (4.07%), Kolon TissueGene (2.67%), Alteogen (2.62%), D&D Pharmatech (2.21%), and Rainbow Robotics (1.16%) were rising.
On the other hand, RigaChem Bio (-2.67%), Voronoi (-2.63%), Rino Industries (-1.8%), and ABL Bio (-0.8%) were falling.
The won–dollar exchange rate was down 8.8 won from the previous session, at 1433.4 won. After opening at 1440 won, it moved downward.
Jin Young-gi, Hankyung.com reporter young71@hankyung.com
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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