KOSPI Mixed in Early Trading Around 8,400; KOSDAQ Rises Over 2%

The KOSPI is showing a mixed trend in the 8,400 range on July 1, as foreign investors continued their selling streak for the ninth consecutive session.
On the other hand, the KOSDAQ index, which marks its 30th anniversary today, is rising by more than 2%.
As of 9:32 a.m. today, the KOSPI stood at 8,437.28, down 39.20 points (0.46%) from the previous trading session.
The index opened at 8,591.50, up 115.02 points (1.36%) from the previous close, and briefly recovered the 8,600 level before paring gains during the session.
In the Seoul foreign exchange market, the won-dollar exchange rate was 1,549.8 won, up 0.4 won from the previous day.
Currently, in the KOSPI market, individual and foreign investors are net selling 131.8 billion won and 551.2 billion won, respectively, dragging down the index, while institutions are supporting the lower end of the market with a net purchase of 731.4 billion won.
Foreigners have been on a selling streak for nine consecutive trading days since June 19.
However, foreign investors are net buying 31.8 billion won in the KOSPI 200 futures market.
Overnight, the three major U.S. stock indices rose in unison as the strength in tech stocks continued.
The Dow Jones Industrial Average rose 0.26% from the previous session, while the S&P 500 and the Nasdaq indices climbed 0.79% and 1.52%, respectively.
As Nvidia (2.63%) and Micron Technology (0.79%) gained, the Philadelphia Semiconductor Index rose 3.92%.
The domestic stock market also opened higher, led by semiconductor stocks.
The fact that South Korea's semiconductor exports for June, released shortly after the market opened, surpassed 40 billion dollars for the first time in history also appeared to stimulate buying.
Han Ji-young, an analyst at Kiwoom Securities, previously explained, "South Korea's export performance by item for June will provide differentiation in the upward momentum of related stock prices today."
However, as foreign selling intensified during the session, the index pared its gains and is showing a mixed trend.
Market wariness is also growing due to the possibility that the National Pension Service may resume rebalancing, which had its grace period end at the end of June, starting today, potentially leading to a reduction in the proportion of domestic stocks.
Among stocks with large market capitalization, semiconductor shares such as Samsung Electronics (-1.80%) and SK Hynix (-1.58%) opened higher but have since turned downward.
In addition, SK Square (-4.83%), LG Energy Solution (-1.52%), and Samsung Life Insurance (-1.00%) are also showing weakness.
Conversely, Samsung Electro-Mechanics (2.52%), Hyundai Motor (1.21%), and HD Hyundai Heavy Industries (3.38%) are on the rise.
By sector, healthcare (-0.55%), retail (-0.48%), and insurance (-0.20%) are declining, while construction (3.00%), securities (2.36%), and machinery/equipment (1.59%) are rising.
At the same time, the KOSDAQ index is at 939.29, up 23.11 points (2.52%) from the previous session.
The KOSDAQ index opened at 924.09, up 7.91 points (0.86%) from the previous close, turned downward, but then returned to an upward trend and is expanding its gains.
It reached as high as 940.42 at one point.
As the Korea Exchange holds a 30th-anniversary event for the KOSDAQ today, investors are paying close attention to whether specific market revitalization policies will be announced.
Individuals and institutions are net buying 16.7 billion won and 98.3 billion won, respectively, while foreigners are net selling 88.4 billion won.
Among large-cap stocks, Alteogen (0.83%), Rainbow Robotics (2.89%), Jusung Engineering (5.22%), Wonik IPS (5.47%), and Leeno Industrial (3.45%) are rising.
Wemade (29.85%) is also hitting the daily upper limit following news of its sale to an affiliate of China's Alibaba.
On the other hand, EcoPro BM (-4.28%) is falling following its decision to conduct a large-scale paid-in capital increase, and EcoPro (-7.69%) is also plunging.
In addition, Kolon TissueGene (-0.21%), HLB (-1.54%), and Fadu (-0.57%) are also weak.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.