The Kospi recovered the 7,900 level despite US inflation concerns, reaching 7,920.16.
On the benchmark stock market, retail investors were net buyers of 1.7721 trillion won, while foreign investors and institutions were net sellers of 1.6055 trillion won and 269.8 billion won, respectively.
Samsung Electronics rose more than 4%%, while SK Hynix fell 0.71%% and remained below the 2 million won mark.
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See more mid- to long-term trend analysisKosdaq also rises
Photo: Korea Economic Daily
South Korea’s Kospi climbed back above the 7,900 level in early trading despite concerns over US inflation. Samsung Electronics shares advanced, while SK Hynix remained below 2 million won even after briefly topping that level in premarket trading.
As of 9:32 a.m. on May 14, the Kospi was up 76.15 points, or 0.97%, at 7,920.16 from the previous session. The index opened 0.38% higher.
On the benchmark stock market, retail investors were net buyers of 1.7721 trillion won. Foreign investors and institutions were net sellers of 1.6055 trillion won and 269.8 billion won, respectively.
The two semiconductor heavyweights moved in opposite directions. Samsung Electronics rose more than 4%, while SK Hynix fell 0.71%. SK Hynix traded as high as 2.021 million won in premarket trading before the open, but it had yet to reach 2 million won in regular trading.
Hyundai Motor, LG Energy Solution and Samsung C&T were also higher. SK Square, Samsung Electro-Mechanics, Doosan Enerbility and HD Hyundai Heavy Industries fell.
The Kosdaq also rose. As of that time, the index was up 3.46 points, or 0.29%, at 1,180.39. On the Kosdaq, retail and institutional investors were net buyers of 92.1 billion won and 23.8 billion won, respectively, while foreign investors were net sellers of 120.1 billion won.
The won opened slightly stronger against the dollar. In Seoul trading, the won-dollar exchange rate opened at 1,489.1 won per dollar, down 0.2 won from the previous session.
Lee Su, Hankyung.com reporter, 2su@hankyung.com