On the 22nd, the KOSPI index broke through its previous high in the early session. The KOSDAQ index also showed strength, with individuals absorbing the selloff from foreign investors and institutions in both major markets.
As of 9:04 a.m. on this day, the KOSPI index rose 9.35 points (0.29%) from the previous trading day to 3,220.16. During the trading session, it briefly surpassed 3,220.27 points, setting a new high. By investor type, individuals have net purchased 158 billion won alone, while foreign investors and institutions have net sold 67.9 billion won and 99.8 billion won, respectively.
The top 10 stocks by market capitalization on the KOSPI market are showing mixed trends. Samsung Electronics, LG Energy Solution, Samsung Biologics, Samsung Electronics preferred stock, KB Financial, Hyundai Motor, and Celltrion are all on the rise. In contrast, SK hynix, Hanwha Aerospace, and Doosan Enerbility are seeing their stock prices decline.
At the same time, the KOSDAQ index recorded a rise of 2.98 points (0.36%) to 824.67 compared to the previous trading day. By investor type, individuals are net buying 48.6 billion won, while foreign investors and institutions have net sold 33 billion won and 14.9 billion won, respectively.
The top 10 stocks by market capitalization in the KOSDAQ market are all rising. LigaChem Biosciences is leading the index gains with an increase of over 3%. Alteogen, ECOPRO BM, Peptron, Ecopro, HLB, PharmaResearch, Rainbow Robotics, HUGEL, and Sam Chun Dang Pharm are also seeing gains.
The night before, on the New York Stock Exchange, the Standard and Poor's (S&P) 500 index closed at a record high, finishing up 8.81 points (0.14%) at 6,305.60. The Nasdaq index also set a new high, rising by 78.51 points (0.38%) to 20,974.17. The Dow Jones Industrial Average fell by 19.12 points (0.04%) to 44,323.07, closing slightly lower.
In the U.S., optimism about earnings from 'big tech' companies is emerging as second-quarter earnings reports begin in earnest. Market research firm FactSet analyzed that over 85% of the 62 corporations in the S&P 500 index that have reported second-quarter earnings as of this day exceeded expectations.
On this day, the exchange rate of won against the U.S. dollar in the Seoul foreign exchange market is reported to be 1.6 won (0.12%) higher at 1,384.90 won compared to the previous day.