Summary
- The Kospi touched the 7,500 level during intraday trading before losing momentum and moving in a flat range.
- On the Kospi, individuals were net buyers of 6.4785 trillion won, while foreign and institutional investors were selling in tandem.
- The Kosdaq fell to 1,205.84, with individuals net sellers of 208.7 billion won and foreign and institutional investors buying.
Forecast Trend Report by Period
South Korea’s Kospi touched the 7,500 mark during intraday trading on May 7 before losing steam and fluctuating around flat.
As of 11 a.m., the Kospi was up 11.01 points, or 0.15%, from the previous session at 7,395.57. The index briefly turned negative earlier in the session.
On the KOSPI market, individual investors were net buyers of 6.4785 trillion won. Foreign and institutional investors were net sellers of 5.4372 trillion won and 1.0211 trillion won, respectively.
Trading among the Kospi’s largest companies by market capitalization was mixed. Samsung Electronics and SK Hynix moved in and out of flat territory. SK Square and LG Energy Solution fell 1% to 2%, while Hanwha Aerospace slumped more than 5%. Hyundai Motor, Doosan Enerbility and HD Hyundai Heavy Industries surged 4% to 7%.
The Kosdaq index was lower. As of that time, it had fallen 4.33 points, or 0.36%, to 1,205.84.
On the Kosdaq market, foreign and institutional investors were net buyers of 139.8 billion won and 91.3 billion won, respectively. Individuals were net sellers of 208.7 billion won.
Among Kosdaq heavyweights, moves were mixed. EcoPro, Samchundang Pharm, LEENO Industrial and HLB fell 1% to 2%. EcoPro BM and LigaChem Biosciences rose 1% to 2%. Kolon TissueGene jumped more than 5%.
Lee Su, Hankyung.com reporter, 2su@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.
