KOSPI Recovers 3200 with Individual Net Buying... Samsung Electronics Strong [fn Morning Market]

[Financial News] KOSPI is fluctuating around 3210, supported by individual net buying. Samsung Electronics is rising as it decided to produce Apple's next-generation chips at a foundry plant in the United States. On the morning of the 7th, the KOSPI index is trading at 3218.06, up 19.92p (0.62%) from the previous trading day. The index started at 3214.81, up 0.52% from the previous session, and is fluctuating around 3210.
In the securities market, individuals are net buying 47.2 billion won, while foreigners and institutions are showing a selling advantage of 47 billion won and 8.3 billion won, respectively.
By industry, entertainment and culture (3.98%), IT services (2.21%), and electricity and gas (1.96%) are showing strength, while telecommunications (-1.74%) and pharmaceuticals (-1.12%) are weak.
Among the top market cap stocks, Samsung Electronics (2.33%), SK Hynix (0.39%), LG Energy Solution (1.04%), and Hyundai Motor (0.71%) are rising. On the other hand, Samsung Biologics (-0.44%), Hanwha Aerospace (-0.43%), and KB Financial (-1.64%) are falling.
Overnight, the U.S. stock market showed a strong tech-driven market as Apple announced a $100 billion investment plan in the U.S., despite uncertainty over tariffs related to India. The Nasdaq Composite Index rose 1.21%, and the S&P 500 Index also rose 0.73%, with major indices closing higher. Furthermore, as relations with Russia improved, leading to risk-on sentiment and oil price stability, a catch-up rally was seen among major tech stocks, including Apple and Tesla, which had been underperforming this year.
Seojung Hoon, a researcher at Samsung Securities, said, "Lisa Cook, a member of the U.S. Federal Reserve, indirectly suggested the need for a rate cut by expressing concern over the July employment report," and "Neel Kashkari, President of the Minneapolis Federal Reserve, mentioned that rates may need to be cut soon in response to economic slowdown."
At the same time, the KOSDAQ index is trading at 803.66, up 0.17p (0.02%) from the previous trading day. The index opened at 805.27, up 1.78p (0.22%) from the previous session.
In the KOSDAQ market, individuals are buying 101.2 billion won, while foreigners and institutions are showing a selling advantage of 56.7 billion won and 22.6 billion won, respectively.

nodelay@fnnews.com Park Ji-yeon Reporter