Institutional investors’ 1.1 trillion won in buying pushes KOSPI to the 5,900 mark; SK hynix up in the 5% range [fn Afternoon Market]

[Financial News] The KOSPI climbed above the 5,900 mark intraday, buoyed by net purchases of more than 1 trillion won by institutional investors. After opening lower, it extended its rebound, with gains at one point topping 3%. SK hynix rose more than 5%, while Samsung Electronics also turned higher and the KOSDAQ Index was up as well.
As of 1:40 p.m. on the 2nd, the KOSPI was at 5,895.45, up 164.71 points (2.87%) from the previous trading day. The index opened at 5,637.77, down 92.97 points (1.62%), and fell as low as 5,616.50 intraday before turning higher. It extended its gains in the afternoon, rising to 5,904.17 at one point.
Institutional investors are leading the buying. At the same time, they had net bought 1.1155 trillion won on the main board. Financial investment firms net bought 546.2 billion won, pension funds and others 394.5 billion won, and private equity funds 114.5 billion won. By contrast, individual investors and foreign investors net sold 1.0856 trillion won and 390.5 billion won, respectively. Other corporations were net buyers of 365.1 billion won.
Large-cap semiconductor stocks rose in tandem. SK hynix was trading at 1,491,000 won, up 5.15% from the previous trading day. Its intraday high was 1,496,000 won, close to the 1.5 million won mark. Samsung Electronics, which had been weaker at one point in the morning, also turned higher. At the same time, Samsung Electronics was up 2.67% at 231,000 won.
The KOSDAQ Index was at 737.45, up 13.07 points (1.80%) from the previous trading day. After opening lower at 716.44, it rebounded from an intraday low of 716.21, rising to 738.01 at one point.
[email protected] Choi Doo-seon Reporter