The KOSPI index, which had been weak throughout last week, recovered to the 2570 level on the 10th amid buying by retail and institutional investors. However, the increase was not large.
The KOSDAQ index, which started off lower, turned upward during the day but reversed to a downward trend at the end.
On this day, the KOSPI index closed at 2570.39, up 6.91 points (0.27%) from the previous transaction day. The index had fallen to 2555.40 and then 2549 early in the day, but it turned upward during the morning thanks to a combined buying effort from individuals and institutions. It was counted that individuals and institutions net-purchased 2.083 trillion won and 1.434 trillion won worth of stocks, respectively. In contrast, foreign investors net-sold 436.1 billion won.
On this day, shares of Samsung Electronics, the top semiconductor stock by market capitalization, and its preferred shares maintained an upward trend but ultimately ended the transaction day unchanged from the previous day. LG Energy Solution, Hyundai Motor, Kia, and NAVER rose. In contrast, Samsung Biologics, Celltrion, and Hanwha Aerospace saw their stock prices decline.
On this day, news of the release of President Yoon Suk-yeol caused fluctuations in the stock prices of related candidates from both the ruling and opposition parties. Shares of Duksung, considered a theme stock related to President Yoon, rose as much as 7.65% in the early session but closed down 5.37%. Dongsin Construction, linked as a theme stock because it is located in Andong, the hometown of opposition leader Lee, also turned upward during the day after continuing its downward trend. Stocks of Daesang Holdings and its preferred shares, considered to be associated with Han Dong-hoon, also fell by 0.26% and 3.72%, respectively.
SAMBU Construction, which has entered a rehabilitation procedure for the first time in 10 years, closed down 25.66% on this day following a lower limit on the previous transaction day. As investigations by the Financial Supervisory Service related to allegations of stock manipulation continue, investment sentiment appears to have frozen as the rehabilitation proceedings requested by SAMBU Construction have begun.
Additionally, on this day, shares of Young Poong and Korea Zinc rose together. As disputes over management rights between Korea Zinc and Young Poong & MBK Partners heated up ahead of the regular shareholder meeting, Korea Zinc rose 17.91% during the day, closing at 829,000 won, a 14.19% increase from the previous transaction day. Young Poong also rose as much as 21.16% at one point.
Lee Jae-won, a researcher at Shinhan Investment Corp, noted, "Jerome Powell, the chair of the Federal Reserve, expressed confidence in the economy, which has alleviated concerns about the U.S. economy, and expectations for economic stimulus in China after the two sessions have been reflected," and added, "We need to continuously monitor U.S. economic conditions, whether impeachment is dismissed or upheld, and negotiations between the U.S. and Ukraine this week."
On this day, the KOSDAQ index closed at 725.82, down 1.88 points (0.26%) from the previous transaction day. In the KOSDAQ market, individual investors net-purchased 57 billion won. Foreign investors and domestic institutions sold 26.7 billion won and 41.7 billion won worth of stocks, respectively.
Among the top 10 KOSDAQ stocks by market capitalization, shares of Alteogen, ECOPRO BM, Ecopro, HUGEL, CLASSYS, LigaChem Biosciences, and PharmaResearch rose. In contrast, shares of Rainbow Robotics and Sam Chun Dang Pharm declined.
In particular, on this day, HLB group stocks fell in succession. It is interpreted that volatility has expanded ahead of the final decision by the U.S. Food and Drug Administration on the liver cancer new drug 'levosertinib.' Stocks of HLB closed down 6.99%, along with HLB Therapeutics, HLB PHARMA, HLB Life Science, and HLB PANAGENE.
In the Seoul foreign exchange market, as of 3:30 p.m., the won/dollar exchange rate recorded 1452.3 won, up 5.5 won from the previous day.