[Edaily Reporter Park Jung-Soo ] The KOSPI, which had plummeted to a 4% decline during the session, reversed course and began rising in the afternoon. The index appears to be extending its gains as major semiconductor stocks, including SamsungElectronics and SK hynix, have all turned positive.
According to MP Doctor on the 25th, as of 2:35 p.m., the KOSPI is trading at 6,736.68, up 0.59% (39.72 points) from the previous trading day. The KOSPI opened lower at 6,535.93 today and fell as low as 6,408.82 during the session, but it recovered its losses and turned positive in the afternoon.
Kang Jin-hyuk, an analyst at Shinhan Investment Securities, explained, “Although the market opened lower due to weakness in semiconductor stocks, the index recovered as rotational buying, centered on large-cap stocks, flowed in.”
On the stock market, foreign investors are selling 3.1934 trillion won worth of shares, while retail and institutional investors are buying 998.4 billion won and 721.6 billion won worth, respectively. Program trading shows a net sell of 2.1233 trillion won, combining both arbitrage and non-arbitrage trades.
Han Ji-young, an analyst at KIWOOM Securities, analyzed, “The macroeconomic environment has improved somewhat, as the sharp rise in U.S. Treasury yields has subsided and West Texas Intermediate (WTI) crude oil prices are showing weakness. Additionally, there is a possibility of bargain-hunting, particularly in semiconductor stocks that plummeted the previous day.”
By sector, the construction sector is surging by around 8%, and machinery and equipment are rising by around 6%. Electricity and gas are up by around 3%, while paper and wood, metals, and securities are all showing gains of over 2%. In contrast, telecommunications and IT services are down by around 1%, and entertainment and culture, pharmaceuticals, and textiles and apparel are showing weakness.
Among the top market-cap stocks, gains are predominant: DOOSAN ENERBILITY(034020)is surging by more than 10%, and ShinhanFinancialGroup Co.,Ltd.(055550)is up in the 3% range. SamsungElectroMechanics(009150)is rising in the 2% range, while KIA CORPORATION(000270), KB Financial Group(105560), HyundaiMotor(005380), and SAMSUNG BIOLOGICS(207940) are all up by more than 1%. SamsungElectronics(005930)and SK hynix(000660)have also turned slightly higher. Conversely, LG Energy Solution(373220)is down in the 3% range, and SKSQUARE(402340)is falling in the 2% range.
The KOSDAQ market is currently trading at 822.72, up 1.15% (9.39 points) from the previous trading day. While the top market-cap stocks are showing mixed performance, HPSP Co., Ltd.(403870)is surging by over 10%. Following that, SIMMTECH Co., Ltd.(222800)is jumping by over 9%, and JUSUNG ENGINEERING Co.,Ltd.(036930)is rising by more than 5%.