KOSPI trades in a tight range…KOSDAQ triggers buy-side circuit breaker for a second day
Summary
- The KOSPI was said to be moving in a tight range as retail investors net bought 1.7247 trillion won while foreigners and institutions remained net sellers.
- The KOSDAQ triggered a buy-side circuit breaker for a second straight day on sharp gains in KOSDAQ 150 futures and the KOSDAQ 150 index, with retail investors and institutions net buying and foreigners maintaining a net selling bias.
- Researcher Lee Seong-hoon was cited as saying that continued fund flows from foreigners and institutions into the KOSDAQ could sustain the KOSDAQ’s catch-up phase after lagging the KOSPI since the start of the year.
Forecast Trend Report by Period
KRW/USD exchange rate in the 1,470 won range
After opening down more than 1%, the KOSPI has pared intraday losses and is fluctuating in a narrow range. In the KOSDAQ market, a buy-side circuit breaker (temporary suspension of program sell quotes) was triggered for the second consecutive day.
As of 9:28 a.m. on the 6th, the KOSPI was up 6.44 points (0.12%) from the previous session at 5,590.34. The index opened at 5,491.02, down 1.66%, and slipped to as low as 5,464.36 in early trading. It soon turned upward, successfully switching to gains, and is now moving within a tight range.
In the main board market, retail investors alone are net buying 1.7247 trillion won. Foreigners and institutions are net selling 1.1205 trillion won and 548.9 billion won, respectively.
Shares of Doosan Enerbility (4.64%), Hanwha Aerospace (4.49%), LG Energy Solution (1.88%), Hyundai Motor (1.82%) and Kia (1.44%) are rising. In contrast, Shinhan Financial Group (-3.44%), SK Square (-2.47%), Samsung C&T (-1.88%), Samsung Biologics (-1.4%), Samsung Electronics (-1.3%) and SK hynix (-1.17%) are in the red.
The KOSDAQ index is trading at 1,143.86, up 27.45 points (2.46%) from the previous session. At around 9:11 a.m., a buy-side circuit breaker was triggered in the KOSDAQ market. At the time of the trigger, KOSDAQ 150 futures surged 6.36% and the KOSDAQ 150 index was up 3.47%.
In the KOSDAQ market, retail investors and institutions are net buying 175.3 billion won and 48.0 billion won, respectively. Foreigners are showing a net selling bias of 228.8 billion won.
Top KOSDAQ market-cap names such as ABL Bio (7.11%), Kolon TissueGene (6.65%), EcoPro (6.34%), Wonik IPS (3.77%), LigaChem Bio (3.74%), EcoPro BM (3.63%), Rainbow Robotics (1.91%), HLB (1.38%), Lino Industrial (1.32%), Caregen (1.31%) and Voronoi (1.11%) are posting strong gains.
The KRW/USD exchange rate is trading at 1,477.40 won, down 4 won 80 jeon from the previous session.
Lee Seong-hoon, a researcher at Kiwoom Securities, said, "Given that meaningful flows from foreigners and institutions have been continuously moving into the KOSDAQ market, the KOSDAQ’s catch-up phase—after underperforming the KOSPI since the start of the year—could persist."
Reporter Jin Young-gi, Hankyung.com 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.
![Bitcoin rebounds on Trump remarks and reports of US-Iran contacts… Ethereum sees a 'short squeeze,' while XRP sends mixed sell signals [Soo-hyun Lee’s Coin Radar]](https://media.bloomingbit.io/PROD/news/2e911b1c-7cbb-48c0-8f14-c641a02b7bef.webp?w=250)
