Summary
- The KOSPI Index has continued its rally for seven consecutive trading sessions, recording levels above 2920.
- In the Korea Exchange Securities Market, institutions maintained a net buying position while foreign investors turned to net selling during the session.
- LS Marine Solution hit a 52-week high after being selected as the preferred bidder for the offshore wind project, and stocks related to inter-Korean economic cooperation were also strong.
The KOSPI Index is continuing its upward trend on the 12th.
As of 11:12 a.m. today, the KOSPI Index stood at 2922.9, up 15.86 points (0.55%) from the previous trading day. Opening at 2909.99, up 2.95 points (0.1%) from the prior day, the index climbed as high as 2926.14 during the session.
After soaring for six consecutive sessions and breaking through the 2900 level for the first time in three years and five months, the index is maintaining its rally for the seventh straight trading day.
Foreign investors, who have continuously led the gains by net buying in the Korea Exchange Securities Market recently, also started today as net buyers but turned to selling during the session. Individuals and foreign investors had net sell positions of ₩42.8 billion and ₩6.2 billion, respectively, while institutions alone maintained a net buy position of ₩50.4 billion.
With the U.S. stock market remaining slightly negative, the domestic market is showing limited strength, likely due to short-term rally fatigue and U.S. market influence.
Overnight, the New York stock market declined. This was attributed to reports that the U.S. Embassy in Iraq was preparing evacuation of personnel as U.S.-China trade talks concluded, highlighting geopolitical risk in the Middle East.
On the Korea Exchange Securities Market, Samsung Electronics is down 0.67%, while SK Hynix is up 0.52%. LG Energy Solution and HD Hyundai Heavy Industries are showing gains of around 2%. Doosan Enerbility (6.07%) is continuing its strong run for the seventh consecutive day.
At the same time, the KOSDAQ Index is trading at 789.46, up 3.17 points (0.4%).
LS Marine Solution surged nearly 18% right after market opening upon news of being selected as the preferred bidder for the Haesong Offshore Wind Project, reaching a 52-week high. The gain has since moderated to around 2%.
Additionally, stocks related to inter-Korean economic cooperation are strong following comments by President Donald Trump about his willingness to improve relations with North Korea. Good People (17.29%) and J.ESTINA (5.02%) are among the notable gainers.
Min-kyung Shin, Hankyung.com reporter, radio@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.
