[Edaily Reporter kyoungeun kim ] The KOSPI, which opened in a slightly higher range, is showing a gain of around 2% in the afternoon of the 30th as the upward trend in major semiconductor stocks accelerates. Foreign investors are continuing to sell off in large volumes due to the impact of semi-annual portfolio rebalancing.

According to MP Doctor, as of 1:31 p.m., the KOSPI is trading at 8,615.37, up 220.72 points (2.63%) from the previous trading day.

In the stock market, institutions are leading the index higher with net purchases of 2.2799 trillion won. Retail investors are also net buyers, with purchases totaling 125.6 billion won. In contrast, foreign investors are continuing to take profits, selling 2.4234 trillion won worth of shares. Program trading shows a net sell of 1.3038 trillion won, combining both arbitrage and non-arbitrage trades.

Kang Jin-hyuk, a senior researcher at Shinhan Investment Securities, analyzed, “Driven by news of large-scale investments in major Korean semiconductor stocks, U.S. equipment stocks such as Applied Materials (+10.8%) and Lam Research (+8.4%) are showing strength, pushing the Philadelphia Semiconductor Index (SOX) up 3.8%,” adding, “SamsungElectronics and SamsungElectroMechanics are supporting the index.” He continued, “As the mid-year rebalancing nears its end, foreign investors have been net sellers of semiconductor-focused spot stocks for the eighth consecutive trading day,” adding, “The cumulative net selling volume for June has surpassed 46.7 trillion won.”

Top-market-cap stocks are rising across the board. SKSQUARE(402340)(+7.20%), SamsungElectroMechanics(009150)(+6.87%), SamsungElectronics(005930)(+5.26%), SK hynix(000660)(+3.20%), SamsungElectronics(1P)(005935)(+3.09%), and SAMSUNG C&T CORPORATION(028260)(+2.02%) are all up. HyundaiMotor(005380)(+0.60%) and Samsung Life Insurance(032830)(+0.61%) are also trading slightly higher. On the other hand, LG Energy Solution(373220)(-8.36%) and SAMSUNG BIOLOGICS(207940)(-2.35%) are down.

As of this writing, the KOSDAQ is trading at 916.07, down 4.50 points (0.49%). Retail investors are net buyers by 325.9 billion won, while foreign and institutional investors are net sellers by 243.0 billion won and 82.3 billion won, respectively. Ahead of its 30th-anniversary celebrations, the KOSDAQ is trading sideways as rotation trading shifts from biotech and secondary batteries to small- and medium-sized components.

Top-cap stocks on the KOSDAQ market are showing mixed performance. JUSUNG ENGINEERING Co.,Ltd.(036930)(+12.74%), WONIK IPS Co.,Ltd.(240810)(+6.60%), EO Technics Co., Ltd.(039030)(+3.29%), Rainbow Robotics(277810)(+1.16%), and HLB INC.(028300)(+1.18%) are among the gainers. On the other hand, ECOPRO CO., LTD(086520)(-7.97%), ECOPRO BM CO., LTD.(247540)(-5.37%), Alteogen Inc.(196170)(-3.62%), Kolon TissueGene, Inc.(950160)(-4.00%), and LEENO Industrial Inc(058470)(-1.88%) are down.

By sector, electronic equipment and devices are surging by around 6%, while leisure equipment and products, electrical equipment, and semiconductors and semiconductor equipment are rising by 3–5%. In contrast, electrical products are falling by around 5%, and healthcare companies and services, biotechnology, and chemicals are also down by around 4%.