KOSPI, Another 'All-Time High'... Ends at 3480 Level on Foreign Net Buying [fn Closing Market]

[Financial News] The KOSPI index closed at an all-time high again, supported by foreign net buying. On the 23rd, the KOSPI index closed at 3486.19, up 17.54p (0.51%) from the previous trading day. The index started at 3489.46, up 0.6% from the previous session, and soared to 3494.49 in the early session, raising expectations for breaking the 3500 level. 
In the stock market, foreigners net bought 279.3 billion KRW, pushing up the index. Individuals and institutions showed selling dominance with 169.4 billion KRW and 188.3 billion KRW, respectively. 
By sector, pharmaceuticals (2.96%), electricity & gas (2.07%), and electronics (1.66%) showed upward trends, while securities (-2.48%), transportation & storage (-1.63%), and IT services (-1.36%) closed weaker.
Among the top market cap stocks, major stocks such as Samsung Electronics (1.44%), SK Hynix (2.99%), and LG Energy Solution (2.15%) closed higher. On the other hand, Hanwha Aerospace (-1.76%), KB Financial (-1.03%), and HD Hyundai Heavy Industries (-0.6%) showed weakness.
On this day, Samsung Electronics rose to 85,900 KRW at the start of the session, marking the highest price in 17 months since April 2024, but closed at 84,700 KRW. The market capitalization amounts to 501.3933 trillion KRW.
Jaewon Lee, a researcher at Shinhan Investment Corp., said, "Despite the cautious sentiment in the stock market ahead of Micron's earnings announcement tomorrow morning Korean time, the semiconductor-led rally continued," adding, "If an earnings surprise occurs, the rally driven by foreign inflows is expected to resume."
At the same time, the KOSDAQ index closed at 872.21, down 2.15p (0.25%) from the previous trading day.
In the KOSDAQ market, individuals net bought 274.9 billion KRW, while foreigners and institutions showed selling dominance with 156.7 billion KRW and 91.4 billion KRW, respectively.

nodelay@fnnews.com Jiyeon Park, Reporter