KOSPI Turns Upward Despite Mixed U.S. Markets... Rebounds to 4,120 Level [fn Morning Market Report]

Despite a mixed close in the U.S. stock market on the 12th, the Korea Composite Stock Price Index (KOSPI) rebounded and surpassed the 4,120 mark. The securities sector surged nearly 5%, leading the market. In contrast, semiconductor stocks such as Samsung Electronics and SK hynix remained weak, affected by the sharp decline in the Philadelphia Semiconductor Index (SOX).
As of 10:30 a.m., KOSPI was trading at 4,125.81, up 0.47% from the previous session. After opening at 4,097.44, down 0.22%, KOSPI quickly recovered early in the session.
On the main board, individual investors and institutions were net buyers of 134.2 billion won and 193.8 billion won, respectively, while foreign investors sold a net 335.4 billion won.
Overnight, the three major U.S. stock indexes showed mixed results. On the 11th (U.S. Eastern Time), the Dow Jones Industrial Average (DJIA) closed at 47,927.96, up 1.18% from the previous session on the New York Stock Exchange (NYSE).
The S&P 500 Index (S&P 500) also rose 0.21% to finish at 6,846.61. In contrast, the NASDAQ Composite Index (NASDAQ Composite) fell 0.25% to close at 23,468.30.
Due to a 2.48% drop in the SOX, Samsung Electronics and SK hynix also declined. Samsung Electronics was trading down 1.16% at 102,300 won, while SK hynix fell 2.02% to 606,500 won.
By sector, securities (4.98%), metals (3.17%), and insurance (2.25%) showed gains. However, electrical/electronics and medical/precision instruments declined by 0.77% and 0.43%, respectively.
At the same time, the KOSDAQ Index was up 1.36% at 896.34.
In the KOSDAQ market, foreign investors and institutions were net buyers of 50.7 billion won and 51.7 billion won, respectively, while individuals sold a net 100.5 billion won.
elikim@fnnews.com Kim Mi-hee Reporter