The Kospi of the Seoul Stock Exchange rises 1.02% driven by technological and financial values

The Seoul Stock Exchange began the week with a positive day, in which the main index, the Kospi, registered a rise of 1.02%, driven mainly by the good performance of technological and financial stocks. The South Korean benchmark index advanced 26.38 points, reaching 2,623.29 units, while the Kosdaq technology index showed a slight decrease of 0.09%, falling 0.72 points to close at 770.26 units.

The session was marked by moderate trading volume, with institutional and foreign investors positioning themselves as net buyers. This generated special attention among local analysts, since foreign investors had carried out several previous days of aggressive sales, generating uncertainty in the market. On this occasion, attention was focused on the semiconductor sector and banking assets, which led the day’s gains.

Technology giant Samsung Electronics, the most influential asset on the Seoul Stock Exchange, posted a solid gain of 2.53%, reflecting the good momentum of technology stocks on the day. In addition, SK Hynix, the second largest memory chip manufacturer in the world, rose 0.81%, thus consolidating the positive trend in the semiconductor sector, one of the fundamental pillars of the South Korean economy.

As for the financial sector, the increases were even more pronounced. KB Financial experienced a significant increase of 6.46%, becoming one of the leading stocks of the day. For its part, Woori Financial also had a notable performance, with an advance of 3.96%, which shows the good moment that banking entities are going through in the country, probably benefiting from the renewed interest of institutional investors.

Record growth in South Korean cosmetics exports

However, not all sectors shared the optimism of the session. The operator of South Korea’s leading search engine, Naver, recorded a 1.1% drop, showing that the technology was not without losses. Likewise, the country’s largest steel producer, Posco, also fell, with a loss of 0.68%, reflecting possible concerns about the behavior of global steel demand and the volatility of the sector.

In the biopharmaceutical space, Samsung Biologics, one of the main companies in the sector in South Korea, advanced 1.17%, consolidating its position as one of the growth stocks within the biotechnology industry. By contrast, in the automotive sector, the results were more mixed. Hyundai Motor, the country’s main car producer, closed the day unchanged, while its subsidiary Kia Motors registered a slight drop of 0.69%.

Overall, the stock market day in Seoul showed a diverse scenario in which some sectors stood out for their gains, while others showed slight declines or flat movements. Technology and financial stocks led the way, driven by renewed interest from foreign and institutional investors, who returned to the market after several days of selling. This situation suggests a possible change in trend and the beginning of a more optimistic phase for the Seoul Stock Exchange, at least in the short term.

The behavior of the Kospi in today’s session reflects investors’ positive expectations regarding the performance of large South Korean companies, especially in the technology and financial sectors, which continue to be key drivers of the country’s economic growth. However, the market remains attentive to global factors that could influence the future of operations, especially international monetary policies, trade tensions and logistical and demand challenges in key markets for South Korea.