Samsung Electronics and SK hynix Rebound, Helping KOSPI Recover to 6,800 [Financial News Closing Market Report]

[Financial News] The KOSPI (Korea Composite Stock Price Index) reclaimed the 6,800 level, supported by a rebound in Samsung Electronics and SK hynix. According to the Korea Exchange on Aug. 31, the index closed at 6,820.02, up 0.46% from the previous session. It opened 2.58% lower at 6,613.58 and fell as low as 6,547.76 during the session, but later managed to turn higher.
In the KOSPI market, institutions sold a net 793.1 billion won, foreigners 639.9 billion won, and retail investors 144.3 billion won.
On the Korea Exchange Main Board, foreigners, institutions and retail investors each posted net sales of 639.9 billion won, 793.1 billion won and 144.3 billion won, respectively. Other legal entities bought a net 1.5914 trillion won.
Among the KOSPI's top 10 companies by market capitalization, eight ended higher, with only Samsung Electronics Co., Ltd. Preferred Shares (-0.16%) and Samsung Life Insurance (-1.29%) finishing in the red.
Samsung Electronics and SK hynix were weak early in the session, but both reversed course. Samsung Electronics rose 1.17%, while SK hynix gained 1.27%.
Other gainers included SK Square (0.88%), Samsung Electro-Mechanics (2.60%), LG Energy Solution (2.16%), Hyundai Motor Company (1.00%), Samsung Biologics (2.15%) and KB Financial Group (0.99%).
The KOSDAQ (Korea Securities Dealers Automated Quotations) closed slightly lower as institutions and foreigners both sold. The index ended the day at 834.29, down 0.49% from the previous session. It opened at 821.67, 16.74 points, or 2.00%, below the previous close.
By investor type, retail investors bought a net 253.3 billion won, while institutions and foreigners sold 201.5 billion won and 54.2 billion won, respectively. Among the KOSDAQ's top 10 companies by market capitalization, Alteogen Inc. (-3.91%), LEENO Industrial Inc. (-0.30%) and HLB Co., Ltd. (-1.11%) fell.
On the other hand, EcoPro (1.22%), ECOPRO BM (2.20%), Rainbow Robotics (0.99%), ILSUNG (0.11%), WONIK IPS Co., Ltd. (0.36%), EO Technics (1.38%) and SIMMTECH Co., Ltd. (5.29%) advanced.
[email protected] Han Young-joon Reporter