[Edaily Reporter Park Jung-Soo ] The KOSPI, which opened lower, turned higher during the session and recovered the 9,200 level.
According to MP Doctor on the 22nd, as of 10:24 a.m., the KOSPI is trading at 8,238.21, up 2.05% (185.79 points) from the previous trading day.
While foreign investors are selling 1.4302 trillion won worth of stocks on the main market, retail and institutional investors are showing net buying of 974.8 billion won and 420.0 billion won, respectively. Program trading shows a net sell of 1.2776 trillion won, combining both arbitrage and non-arbitrage trades.
Han Ji-young, an analyst at KIWOOM Securities, advised, “Since the market still appears to be maintaining its previous center of gravity, it is appropriate to view any news flow related to war concerns that emerges during the week as mere noise.”
In particular, SK hynix(000660)rose more than 5%, surging to 2.91 million won during the session and once again breaking through the 2,000 trillion won market capitalization mark. SamsungElectronics(005930)is also up by around 2%, and SKSQUARE(402340)is surging by around 8%.
One analyst noted, “Within the stock market, Micron’s earnings report (early morning on the 25th, Korea time) is the main event,” adding, “This is because Micron, along with SamsungElectronics and SK hynix, serves as a bellwether in the global semiconductor sector, which is a leading industry. This earnings report could serve as a turning point in determining whether the semiconductor sector’s dominance in the stock market will strengthen.”
By sector, retail is up more than 4%, and electrical and electronics are recording gains in the 3% range. Medical and precision equipment, as well as manufacturing, are also rising by more than 2%. In contrast, securities are down by around 4%, and transportation and warehousing, pharmaceuticals, and textiles and apparel are falling by around 3%.
The KOSDAQ market is currently trading at 959.75, down 0.71% (6.84 points) from the previous trading day. Among the top market-cap stocks, declines are predominant, with SAM CHUN DANG PHARM CO. LTD(000250)down by over 7%, and Alteogen Inc.(196170) and ABL Bio Inc.(298380) down by around 3%. In contrast, FADU INC.(440110)is surging by over 13%, and PSK INC.(319660)is also up by 10%.