KOSPI fluctuates around the 3200 mark during the session… KRW/USD exchange rate in the 1,380 KRW range

Korea Economic Daily

Summary

The KOSPI continues to fluctuate around the 3,200 mark, and it was reported that expectations of an interest rate cut increased after the U.S. CPI came in below forecasts.
In the Korea Exchange, foreign investors are net buying 285.7 billion KRW, while individuals and institutions are net sellers.
In the KOSDAQ market, major stocks are also rising, while the KRW/USD exchange rate stands at 1,385.6 KRW.

The KOSPI has been fluctuating around the 3,200 mark, giving up part of its earlier gains.

As of 11:01 a.m. on the 13th, the KOSPI stands at 3,203.86, up 13.95 points (0.44%) from the previous day. Although it broke through the 3,220 level early in the session, it continued to fluctuate around 3,200 as gains were pared back.

U.S. Consumer Price Index (CPI) came in below expectations, boosting hopes for an interest rate cut and showing signs of renewed investor sentiment. Earlier, the U.S. Department of Labor announced that the U.S. CPI for July rose 2.7% year-on-year. This is the same as in June (2.7%) and below the expert consensus estimate compiled by Dow Jones (2.8% increase).

On the Korea Exchange, foreign investors are net buyers of 285.7 billion KRW, while individuals and institutions are net sellers of 227.1 billion KRW and 94.1 billion KRW, respectively.

Most of the top-cap stocks are on the rise. SK Hynix (2.42%), HD Hyundai Heavy Industries (1.87%), Hanwha Ocean (1.44%), Doosan Enerbility (1.22%), Samsung Electronics (0.84%), Samsung Biologics (0.78%), Hyundai Motor Company (0.47%), Kia Corporation (0.39%), and LG Energy Solution (0.26%) are all on the rise. Meanwhile, Hanwha Aerospace is down 2.47%.

The KOSDAQ index is trading at 810.48, up 3.39 points (0.42%) from the previous day. Although the KOSDAQ fell as low as 806.26 during the session, it successfully rebounded to regain the 810 mark.

On the KOSDAQ, individuals and institutions are net buyers of 62.4 billion KRW and 6.8 billion KRW, respectively, while foreigners are net sellers of 48.4 billion KRW.

Top KOSDAQ market cap stocks are also on the rise. Peptron (6.63%) is showing notable gains, along with Rigachem Bio (4.6%), ABL Bio (3.5%), Leeno Industrial (2.93%), HLB (2.69%), EcoPro BM (1.63%), Alteogen (1.5%), EcoPro (1.23%), PharmaResearch (1.2%), and Samchundang Pharm (0.49%), all posting strong performances.

The KRW/USD exchange rate stands at 1,385.6 KRW.

Young-gi Jin, Hankyung.com reporter young71@hankyung.com