On the 7th, a day before the expiration of the mutual tariff suspension by U.S. President Donald Trump, the Korean stock market started lower but eventually rose slightly. The KOSPI index was boosted by individual investors' 'buying' concentrated on stocks that dropped significantly in the previous transaction day.
On that day, the KOSPI index closed at 3059.47, up 2.66 points (0.34%) from the previous transaction day. The index opened at 3044.78, down 9.50 points (0.31%) from the previous day, fluctuating up and down before showing a clear upward trend in the afternoon, nearing the 3060 level. Despite foreign investors and institutions selling a net 937 billion won and 808 billion won respectively, individuals purchased a net 1.521 trillion won.
Samsung Electronics, the leading semiconductor stock, closed at 61,700 won, down 2.53% from the previous transaction day. Preferred stock Samsung Electronics preferred also fell by 2.66%. Stocks such as Samsung Biologics and Hyundai Motor also saw declines.
In contrast, SK hynix started lower but eventually rose by 0.18% to close at 271,000 won. KB Financial, NAVER, Doosan Enerbility, and Celltrion also increased.
On that day, LG Group's two subsidiaries announced contrasting results, leading to mixed stock performances. LG Energy Solution announced results surpassing market expectations for the second quarter of this year, rising over 3% early in the trading session and closing at 315,000 won, up 1.45%. In contrast, LG Electronics, which recorded an 'earnings shock', fell by 3.89%.
The KOSDAQ index closed at 778.46, up 2.66 points (0.34%) from the previous transaction day. The index started at 774.19, down 1.61 points (0.21%) from the previous transaction day. While foreign investors purchased a net 132.9 billion won, institutions sold off 72.4 billion won worth, and individuals also sold a net 56 billion won.
Looking at the top 10 KOSDAQ market capitalization stocks, Alteogen saw its stock quickly rise in the afternoon, closing up 11.05% at 417,000 won. This is the first time since the 18th of last month that Alteogen's stock has surpassed the 410,000 won mark within 13 trading days. The investment sentiment seems to have ignited as Hyung-in Woo, the second-largest shareholder and CEO of Smart & Growth, emphasized the need for a KOSPI market entry after announcing large-scale stock purchases. The expectation of receiving royalties from Sandoz, a global pharmaceutical company that signed a technology transfer agreement with Alteogen, also contributed to the rise.
On that day, PharmaResearch rose by 4.97%, and Peptron also increased by 3.60%. LigaChem Biosciences, CLASSYS, and others also closed higher. In contrast, ECOPRO BM, HLB, Ecopro, Rainbow Robotics, and HUGEL saw declines.
On that day, SYNIC Solution, a system semiconductor specialist that entered the KOSDAQ market, recorded a 'double' (twice the offering price) early in the trading session. SYNIC Solution's initial price surged by 114.47% to 10,080 won, and it rose to 11,890 won early in the session. SYNIC Solution closed at 7,960 won, up 69.36%.
With the Lee Jae-myung government's first supplementary budget pushing for the distribution of consumption coupons worth over 12 trillion won, stocks related to local currency also showed strength. KONA I rose by as much as 12.76% and ultimately closed at 61,000 won, up 6.64%. GalaxiaMoneytree (3.75%), COOCON (28.32%), WebCash (12.39%), and URACLE (7.51%) also increased.
Kim Dae-jun, a researcher at Korea Investment & Securities, noted that 'the semiconductor, automotive, and electronics sectors exposed to trade uncertainties are experiencing deteriorating earnings prospects, while domestic industries in holding companies, finance, cosmetics, and retail, which are unaffected by trade risks, are improving.' He analyzed that 'as stock prices are based on earnings movements, domestic sectors that are not influenced by exports are relatively favorable.'
At 3:30 p.m. in the Seoul foreign exchange market, the exchange rate for the won against the U.S. dollar was recorded at 1,367.8 won, up 5.5 won from the previous day. This increase is interpreted as having been under upward pressure due to uncertainties surrounding President Trump's tariff letter.