KOSPI 7,291.91closes…bank stocks and semiconductors provide support
KOSPI 7,291.91to close at 45.12 points (0.62%) higher. Although it briefly turned lower during the session, strength in bank stocks and the semiconductor materials, parts and equipment sectors partly limited downside pressure on the index.
KOSPI 7,291.91to close at 45.12 points (0.62%) higher. The index repeatedly moved up and down over the course of the day.
It briefly turned lower during the session. Individual investors were found to have been net sellers of 1 trillion won5,000 over the course of the day.
Signs were detected that the pension fund had begun buying to defend the index. In the market, this was described as the “deployment of the pension corps.”
By sector, bank stocks showed relative strength in the volatile market. Bank stocks attracted investor interest amid defensive trading.
The KOSDAQ returned to the 800line in a single day. The semiconductor materials, components, and equipment sectors led the index’s recovery.
SK hynix showed strength in the U.S. market, providing some favorable support for the broader market. However, some also pointed out that the market’s overall resilience was weak, apart from certain sectors.
Overall, the market was supported by buying from some large-cap sectors and pension funds amid high volatility. Trading value and supply-demand trends remain under close watch.