The KOSPI ended trading with a rise of nearly 2 percent on Monday. Although it opened down more than 3% in early trading, it reversed into positive territory driven by strong net buying from institutional investors and other corporations.
The KOSPI closed at 5768.01, up 99.96 points (1.76%) from the previous trading session.
In the KOSPI market, institutional investors made net purchases of a provisional 574.6 billion won based on Korea Exchange (KRX) data, while other corporations bought a net 549.4 billion won. Retail investors sold a net 1 trillion 86.2 billion won, and foreign investors sold a net 36.4 billion won. Including the alternative exchange NextTrade (NXT), foreign investors purchased a net 624.3 billion won, institutional investors bought a net 880.9 billion won, and other corporations acquired a net 427.6 billion won, while retail investors sold a net 1 trillion 931.2 billion won.
By sector, pharmaceuticals rose in the 5th% range, metals and entertainment/culture in the 4th% range, chemicals in the 3rd% range, insurance, IT services, transportation equipment/parts, machinery/equipment, and general services by 2%, while transportation/warehousing, manufacturing, securities, electricity/gas, electronics, finance, non-metals, distribution, food/beverage/tobacco, and construction rose in the 1st% range. Real estate and telecommunications were slightly up, paper/wood and textiles/apparel were slightly down, and medical/precision instruments fell in the 2nd% range.
Among top market capitalization stocks, Samsung SDI rose in the 11th% range and LG Energy Solution in the 7th% range, showing strength in secondary battery stocks. Samsung Biologics gained in the 9th% range, Kia in the 5th% range, Hyundai Motor in the 4th% range, Samsung Life Insurance in the 2nd% range, while Celltrion, Hanwha Aerospace, KB Financial Group, and Samsung Electronics rose in the 1st% range. SK Hynix was slightly up, SK Square and Samsung C&T were slightly down, and Samsung Electro-Mechanics fell in the 1st% range.
Samsung Electronics and SK Hynix plunged more than 6% in the pre-market session on this day, heightening anxiety. This is interpreted as a ripple effect from the sharp drop in AI (artificial intelligence) stocks in the U.S. stock market on the 16th (local time). However, during regular trading hours, foreign investors and other corporations engaged in bargain hunting for semiconductor stocks, averting a crash, and the stocks reversed into positive territory near the close of trading. Samsung Electronics was the top net purchase target by foreign investors (172 billion won) and institutional investors (including financial investment at 104.9 billion won and other finance at 2.4 billion won). SK Hynix saw net selling by retail investors (142.9 billion won), foreign investors (217.6 billion won), and institutional investors (244.7 billion won), but a net purchase of 605.4 billion won from other corporations pushed the stock into slightly positive territory.
The KOSDAQ closed at 808.89, up 14.11 points (1.78%) from the previous trading session.
In the KOSDAQ market, based on KRX data, retail investors made net purchases of 64 billion won, institutional investors bought a net 66.9 billion won, and other corporations acquired a net 14.3 billion won, while foreign investors sold a net 143.7 billion won.
By sector, finance rose in the 7th% range, metals in the 4th% range, paper/wood and transportation equipment/parts in the 3rd% range, entertainment/culture and general services in the 2nd% range, while chemicals, pharmaceuticals, electronics, IT services, publishing/media, manufacturing, other manufacturing, and food/beverage/tobacco rose in the 1st% range. Textiles/apparel, machinery/equipment, medical/precision instruments, construction, transportation/warehousing, and distribution were slightly up, telecommunications was slightly down, and non-metals fell in the 1st% range.
Among top market capitalization stocks, EcoPro rose in the 11th% range, EcoPro BM in the 8th% range, RAINBOW Robotics in the 7th% range, HLB in the 3rd% range, while Samchundang Pharmaceutical and Alteogen rose in the 2nd% range. Simmtech was slightly up, while Wonik IPS and Jusung Engineering were slightly down. Lino Industrial fell in the 1st% range, Iotech and HPSP in the 2nd% range, and PSK Holdings in the 3rd% range.
In the Seoul foreign exchange market, the won/dollar exchange rate ended daily trading at 1,330.3 won, down 1.1 won.
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