KOSPI touches 3900 as foreign investors turn to 'buy'... SK Hynix falls 2%.

Source: BlockMedia Original Title: [Market Opening Summary] KOSPI touches 3900 level as foreign investors switch to 'buy'… SK Hynix drops by 2% Original Link: The KOSPI is rising above the 3900 level on the 26th. Foreign investors, who initially responded with selling in the early part of the session, are now returning to buying, which is widening the increase.

According to the Korea Exchange, as of 9:46 AM on this day, the KOSPI index has recorded a rise of 47.21 points(1.16%) to 3904.09 compared to the previous trading day. The KOSPI opened at 3891.88, up 34.10 points(0.88%) from the previous trading day's 3857.78(. It has continued to rise since then.

SK Hynix rises further… “Feels weaker than before in KOSPI”

In the securities market, individuals are net selling 275.6 billion won. On the other hand, institutions are net buying 283.8 billion won, and foreign investors who were selling at the beginning of the session have reversed course and are now buying 19.5 billion won.

All sectors are showing an upward trend. Construction ) 13.43% (, General Services ) 12.72% (, Electricity and Gas ) 12.57% (, etc. are showing strength.

The top 10 stocks by market capitalization are all rising, except for SK Hynix)-2.3%(. Doosan Enerbility) is up 4.35%(, Samsung Electronics) is up 10.60%(, and LG Energy Solution) is up 12.90%(.

Han Ji-young, a researcher at Kiwoom Securities, stated, “The KOSPI feels weaker than before. It started with a sharp rise of over 1% yesterday but only managed a slight increase after showing a downward trend during the day,” adding that “there is growing concern about the technical trend as it has repeatedly showcased a strong start but weak finish pattern, recording six consecutive bearish candles.”

“KOSPI PER fluctuating over 11 times, now in the mid 9 times” ⋯KOSDAQ also slightly up

A researcher stated, “The won-dollar exchange rate has stabilized, and foreign capital inflow is also healthy,” adding that “it is noteworthy that the KOSPI's 12-month forward PER, which had fluctuated around 11 times, has now dropped to the mid-9s.”

At the same time, the KOSDAQ index is indicating 865.41, up 9.38 points (1.10%) from the previous trading day. The index started trading at 863.28, which is up 7.25 points (0.85%) from the previous trading day of 856.03.

Individuals are responding with a sale of 27.7 billion won in the KOSDAQ market. In contrast, foreigners and institutions are buying 24.6 billion won and 13 billion won respectively, pushing the index higher.

By industry, all sectors are rising except for transportation equipment parts ) -0.65%. Electrical and electronics ( 1.56%, IT ) 1.47%, other manufacturing ( 1.15%, metals ) 1.06%, etc.

In the KOSDAQ market capitalization top stocks, all are rising except for Kolon TissueGene(-1.86%). EcoPro(2.66%), Rigakem Bio(1.75%), and Alteogen(0.57%) are in order.

In the Seoul foreign exchange market, the won-dollar exchange rate started at 1465 won, down 7.4 won from the previous trading day's weekly closing price of 1472.4 won.