KOSPI strengthens on foreign and institutional buying…LG Energy Solution turns higher intraday

The KOSPI is rising. The scale of buying by foreigners and institutions has expanded, pushing it beyond a firm close into bullish territory.

As of 10:41 a.m. on the 8th, the KOSPI was trading at 3219.16, up 14.04 points (0.44%) from the previous day.

Foreigners and institutions are net buying stocks worth 124.1 billion won and 68.9 billion won respectively in the KOSPI market, lifting the index. Meanwhile, individuals are selling stocks worth 205.8 billion won.

Top market-cap stocks are showing mixed results.

Samsung Electronics and SK Hynix are up 1.01% and 1.65% respectively.

Hanwha Aerospace is also up 2.17%.

Hyundai Motor and Kia are down 1.36% and 1.69% respectively. This appears to be an aftereffect of the detention of Korean employees at the factory construction site jointly developed with LG Energy Solution in Georgia, U.S., over the past weekend. However, LG Energy Solution, which showed early weakness, has now turned higher.

The KOSDAQ is trading at 817.49, up 6.09 points (0.75%) from the previous day. In this market, individuals and institutions are net buying stocks worth 32.6 billion won and 7.1 billion won respectively, while foreigners are selling stocks worth 30.3 billion won.

Top market-cap stocks on the KOSDAQ are also showing mixed results.

There is a split among biotech stocks as well. Alteogen is slightly down, Peptron is down 4.78%, and ABL Bio is down 2.52%. On the other hand, PharmaResearch is up 5.71%.

EcoPro BM and EcoPro are up 1.97% and 0.8% respectively.

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In the Seoul foreign exchange market, the won-dollar exchange rate is trading at 1387.8 won per dollar, down 0.6 won (0.04%) from the previous day.

Han Kyung-woo, Hankyung.com reporter case@hankyung.com