Restoring two minds through overseas net buyers
Semiconductor and technology stocks are strong
14 of the top 20 market caps rose
The closing price of the KOSPI on the 30th is displayed on the monitor of the Hana Bank dealing room in Jung-gu, Seoul. On this day, the KOSPI closed at 2585.52, up 26.71 points (1.04%) from the previous day, breaking the highest for the year. random news
The KOSPI closed at its highest point this year, rising more than 1% thanks to the conclusion of US debt ceiling talks and strong semiconductor stocks. Representative semiconductor stocks such as Samsung Electronics and SK Hynix and LG Electronics recorded 52-week highs.
On the 30th, the KOSPI closed at 2585.52, up 26.71 points (1.04%) from the previous trading day’s closing price. This is the highest level for the year based on the closing price.
Foreigners continued their recent trend by buying a net 675.6 billion won on the same day. In the stock market, individuals and institutions sold stocks worth 542.8 billion won and 1124 won, respectively. Investor sentiment appears to have improved as uncertainty in the stock market eased as the new debt ceiling negotiations in the United States came to an end over the weekend.
Kim Seok-hwan, researcher at Mirae Asset Securities, said, “The conclusion of the debt ceiling negotiations in the US during the holiday season and the release of new products and services based on artificial intelligence (AI) from Nvidia reflected expectations, and the the psychology of risk preference recovered.”
On that day, 14 out of the top 20 stocks rose by market capitalization in the stock market. In particular, the rise of Samsung Electronics (2.84%) and SK Hynix (0.35%), which continue their march, led the market. Samsung Electronics rose to 71,400 midday gains, breaking a 52-week high for three consecutive trading days, and SK Hynix also broke a 52-week high by rising to 113,200 gains just after for the market to open. Lee Gyeong-min, a researcher at Daishin Securities, said, “Technology stocks, such as major semiconductors and secondary batteries, where net buying by foreigners is concentrated, are showing strength and leading the rise in the index.”
In addition, LG Energy Solutions (0.35%), Samsung SDI (3.61%), POSCO Future M (5.4%), and LG Electronics (10.83%) rose. LG Electronics, which closed at 124,900 won in the stock market on the same day, also broke its 52-week reported price.
The KOSDAQ also finished at 851.50, up 8.27 points (0.98%) from the battlefield. At the top of the KOSDAQ market cap, Ecopro BM (0.42%) and Ecopro (0.74%) rose, while Celltrion Pharm (-0.12%) and Osstem Implant (-0.05%) fell slightly.
