Foreign Investors Resume Net Buying... KOSPI Rises Over 1% [fn Morning Market Report]

[Financial News] The Korea Composite Stock Price Index (KOSPI) is expanding its intraday gains, buoyed by net buying from foreign investors.
As of 10:38 a.m. on the 27th, the KOSPI stood at 4,009.28, up 48.41 points (1.22%) from the previous trading day. The index opened at 3,989.45, a 0.72% increase, and has continued its upward trend.
In the KOSPI Market, foreign investors and institutions have purchased 269.7 billion KRW and 299.5 billion KRW worth of shares, respectively. Meanwhile, individual investors have shown a net selling position of 543.3 billion KRW.
By sector, electronics (2.30%), entertainment and culture (1.93%), and insurance (1.57%) are showing strong performance. In contrast, IT services (-1.25%), chemicals (-0.59%), and non-metallic minerals (-0.57%) are weaker.
Among the top market cap stocks, Samsung Electronics (1.75%), SK hynix (4.77%), LG Energy Solution (0.92%), and Samsung Biologics (1.33%) are all on the rise. On the other hand, Hyundai Motor (-0.38%), KB Financial Group (-0.08%), and Kia Corporation (-0.04%) have seen slight declines.
Overnight, U.S. stock markets closed higher as risk appetite was renewed, driven by expectations of a Fed chair replacement with a Trump-friendly, rate-cutting candidate, as well as rallies in AI technology and semiconductor stocks.
Sunghoon Lee, a researcher at Kiwoom Securities, stated, "Today, the domestic stock market is reflecting the upward trend of the Philadelphia Semiconductor Index (SOX), including Nvidia and Micron Technology, with foreign capital inflows centered on large-cap stocks, which could help the KOSPI reclaim the 4,000 level." He added, "As the legal deadline for the budget bill approaches on the 2nd of next month, the market's sensitivity to government policies, such as tax reforms, may also increase."
At the same time, the Korea Securities Dealers Automated Quotations (KOSDAQ) was trading at 882.45, up 5.13 points (0.58%) from the previous session. The index opened at 879.44, a 0.24% increase.

nodelay@fnnews.com Park Ji-yeon Reporter