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外资买盘推动,韩国股市创两年多新高

Bid from foreign investors pushed South Korea's stock market to a more than two-year high.

環球市場播報 ·  Jun 18 03:38

South Korea's stock market closed at a two-year high on Tuesday, with foreign investors buying local blue chip stocks after a rise in tech stocks on Wall Street overnight. The South Korean won also rose slightly against the US dollar.

On that day, the benchmark KOSPI index rose 19.82 points, or 0.72%, to close at 2,763.92, its highest level since February 20, 2022.

The trading volume on that day was 552 million shares, worth KRW 13 trillion, with 497 stocks falling and 376 stocks rising.

Foreign investors net bought KRW 639 billion worth of stocks on that day, driving the market up and offsetting net sales of KRW 349.7 billion and KRW 220.7 billion from individual and institutional investors, respectively.

On the previous night, the US stock market was boosted by large-cap tech stocks, with Apple, Microsoft, and Micron rising in price. The Dow Jones Industrial Average rose 0.49%, while the tech-heavy Nasdaq Composite Index rose 0.95%.

Chip and auto stocks rose on Tuesday in the South Korean stock market, providing support for the market.

Samsung Electronics, the world's largest memory chipmaker, rose 2.18% to KRW 79,800, while its competitor SK Hynix rose 5.16% to KRW 234,500.

Hyundai Motor and Kia Motor rose 1.62% and 1.47%, respectively, to KRW 283,000 and KRW 131,000. Earlier, it was announced that Hyundai Motor's Indian subsidiary will conduct its initial public offering (IPO).

The stock price of South Korea Gas Corp. rose 4.69% to KRW 55,800, due to a sustained expectation for the development of potential oil and gas reserves in the East Sea.

However, battery, oil refining, and entertainment stocks fell.

LG New Energy fell 1.63% to close at KRW 331,000, while oil refining company SK Innovation fell 5.24% to KRW 103,100.

Hybe, the record company that BTS belongs to, fell 1.28% to close at KRW 199,900. Entertainment company CJ ENM fell 4.03% to close at KRW 83,400.

SK Group's stock price fell 4.47% to KRW 169,000. The day before, the group's chairman, Chey Tae-won, announced that he would appeal the decision on the KRW 1 billion divorce settlement.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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