KOSPI Narrows Gains, Hovers Around 3,600 Mark [fn Afternoon Market Report]

[Financial News] The Korea Composite Stock Price Index (KOSPI), which briefly surpassed the 3,600 mark earlier in the morning, has trimmed its gains and is now fluctuating around that level.
According to the Korea Exchange (KRX), as of 2:32 p.m. on the 10th, the KOSPI was trading at 3,595.32, up 46.11 points (1.30%) from the previous session. The KOSPI opened at 3,598.11, a 1.38% increase from the previous day, briefly surpassed 3,600 right after the opening, and touched 3,617.86 before paring some of its gains.
In the KOSPI Market, foreign investors are net buyers of 567.9 billion won, while individuals and institutions are net sellers of 125.5 billion won and 484.2 billion won, respectively.
By sector, machinery/equipment (9.11%), electrical/electronics (3.87%), and IT services (2.47%) are showing strength, while transportation equipment/parts (-2.07%), transportation/storage (-1.84%), and metals (-1.55%) are weaker.
Among large-cap stocks, Doosan Enerbility (14.04%), SK hynix (6.07%), and Samsung Electronics (5.51%) are gaining, while LG Energy Solution (-10.03%), Hanwha Aerospace (-4.83%), and KB Financial Group (-3.00%) are declining.
At the same time, the Korean Securities Dealers Automated Quotations (KOSDAQ) was trading at 857.26, up 3.01 points (0.35%) from the previous session. Foreign investors are net buyers of 141.8 billion won, while individuals and institutions are net sellers of 28.2 billion won and 85.5 billion won, respectively.
Lee Jae-won, a researcher at Shinhan Securities, explained, "The semiconductor sector saw concentrated inflows today as the upward momentum in the U.S. and Japan during the holiday period was fully reflected. Of the 500 billion won net purchased by foreigners in KOSPI cash (for the fifth consecutive session), more than 40 billion won was focused on semiconductors."

koreanbae@fnnews.com Bae Han-geul Reporter