[Closing Market] KOSPI Edges Up While KOSDAQ Surges Nearly 7%
On Aug. 10, the domestic stock market closed with slightly divergent sentiments amid contrasting trends between the KOSPI and KOSDAQ markets. The KOSPI index closed higher, supported by joint net buying from individuals and institutions despite intense selling pressure from foreigners, but failed to
On August 10, the domestic stock markets of South Korea exhibited contrasting performance trends between the KOSPI and KOSDAQ indices. The KOSPI index, while experiencing a slight increase, failed to maintain its intraday recovery level of 6,300, closing at 6,299.66, up 0.65% from the previous day. Conversely, the KOSDAQ index surged nearly 7%, ending at 854.47, up 6.97% from the prior session.
This surge was driven by significant capital inflow and rotational buying into key sectors like robots, biotechnology, and secondary batteries.
Foreign investors maintained a net selling stance in the KOSPI market, selling off 1.4887 trillion won, which hindered the index's upward momentum. However, individual investors and institutional investors, including financial institutions and pension funds, contributed to a net buying edge of 588.9 billion won in the KOSPI market.
In contrast, the KOSDAQ saw foreign investors net buying 103.1 billion won and institutional investors leading with a net buying of 569.7 billion won. Individual investors, however, net sold 672.8 billion won.
Top-tier stocks in the KOSPI market, including Samsung Electronics and SK hynix, which dominate the domestic stock market, showed mixed performances. Samsung Electronics and SK hynix, the semiconductor giants, closed marginally lower, while companies like Hanwha Aerospace, Hyundai Motor, and LG Energy Solution gained strength. The won/dollar exchange rate closed at 1,418.4 won, influenced by foreign selling pressure and continued demand for the dollar, which limited the stock market's appreciation.
Experts noted that the stock market's short-term direction would likely be influenced by ongoing foreign capital outflows and exchange rate volatility, advising a rotational trading strategy focused on growth stocks and leading thematic sectors.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
