Summary
- Reported that KOSPI has broken above the 3380 level, marking an all-time high for three consecutive days.
- Said that, aided by dual buying by foreigners and institutions, SK Hynix (7.17%) and Samsung Electronics (2.86%) showed strength.
- Also noted that KOSDAQ showed around a 1.2% gain thanks to buying by foreigners and institutions, with gains among the market's large-cap stocks standing out.
KOSPI records all-time high for three consecutive days
Foreign and institutional buying in tandem
KOSDAQ also up about 1.2%
The KOSPI index rose above the 3380 level intraday on the 12th, pushing its highs higher. The rallies in SK Hynix and Samsung Electronics are driving the index upward. KOSPI marked a record high for the third consecutive day through the 12th.
As of 11:00 a.m. on the 12th, KOSPI was trading at 3385.37, up 41.17 points (1.23%) from the previous day. Starting trading around the 3370 level, KOSPI moved upward and surged intraday to 3386.87, about 1.27% higher than the previous day.
In the securities market, foreigners and institutions net bought KRW 797.3 billion and KRW 385.6 billion, respectively, lifting the index. Individuals were net sellers of KRW 1.1377 trillion.
SK Hynix (7.17%) and Samsung Electronics (2.86%) showed notable strength. SK Hynix surpassed 320,000 won intraday to hit a record high. Samsung Electronics also traded above 75,000 won. Buying was likely concentrated on expectations for the semiconductor sector. Shinhan Financial Group (1.77%), Naver (1.39%), KB Financial Group (1.19%), and LG Energy Solution (1.14%) also showed gains.
On the other hand, HD Hyundai Heavy Industries (-2.71%), Doosan Enerbility (-1.48%), Hanwha Aerospace (-0.9%), and Hanwha Ocean (-0.8%) were down.
At the same time, the KOSDAQ index was trading at 844.82, up 10.06 points (1.21%) from the previous day. KOSDAQ also showed an upward trend.
In the KOSDAQ market, foreigners and institutions net bought KRW 80.0 billion and KRW 31.0 billion, respectively. Individuals showed a net selling bias of KRW 92.2 billion.
Most of the KOSDAQ large-cap stocks were also rising. Kolon TissueGene (10.51%), Alteogen (2.22%), EcoPro (1.65%), EcoPro BM (1.63%), Rainbow Robotics (1.38%), Classys (0.54%), Samchundang Pharmaceutical (0.47%), and Ligachem Bio (0.45%) were showing strength.
The won-dollar exchange rate was 1,389.2 won, down 1.5 won from the previous night's session.
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.
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