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Korean Market Close: KOSPI Recovers to 6800 Amid Institutional Buying, Semiconductor Stocks in Focus

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Today, the Korean stock market closed higher, with the KOSPI recovering the 6800 level, driven by institutional investors' buying spree. This is largely attributed to a favorable macroeconomic environment, including a decline in long-term US Treasury yields and international oil prices. Conversely, the KOSDAQ saw a slight decline due to selling pressure from foreign and institutional investors. The KOSPI closed at 6808.21, up 65.47 points (0.07%) from the previous trading day, reclaiming the 6800 mark. The KOSDAQ recorded 826.87, down 0.28 points (0.03%), showing a slight bearish trend. The won/dollar exchange rate closed at 1,385.59. Looking at supply and demand trends, institutional investors in the KOSPI market recorded net buying of approximately 760 billion won, leading the index's rise. Notably, buybacks by major domestic semiconductor companies like Samsung Electronics and SK Hynix are cited as a primary reason for institutional buying. On the other hand, the KOSDAQ market experienced simultaneous selling by foreign and institutional investors, dragging down the index. Among major stocks, Samsung Electronics and SK Hynix closed higher, buoyed by institutional buying, capturing market attention. This is analyzed as reflecting expectations for the future direction of domestic semiconductor-related stocks ahead of the earnings announcement from Nvidia, a key variable in the global semiconductor market. The macroeconomic environment also had a positive impact on the stock market. US 10-year Treasury yields fell to the 4.6% range, and 30-year yields to the 5.1% range, marking their lowest levels since August 5th. International oil prices also showed a downward trend, contributing to improved investor sentiment. The stabilization of these macroeconomic indicators is expected to provide a favorable environment for the domestic stock market for the time being. Today, the Korean stock market saw the KOSPI recover the 6800 level, supported by institutional buying and a favorable macroeconomic environment, although the KOSDAQ experienced adjustments. In the next session, attention should be paid to the impact of Nvidia's earnings announcement on the domestic semiconductor sector as a whole. Sources: hankyung.com, investing.com, tossinvest.com, daum.net
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ネット弁慶花子

Korean stocks, over 6800 thanks to institutional buying? Seems like semiconductor-related stocks led the charge, likely due to the mood waiting for NVDA's earnings. I'm also holding a bit of semiconductor stocks, feeling nervous about what'll happen.

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昭和おじさん

NVDA's earnings are definitely a concern. We also hold a small amount of semiconductor-related stocks, so we're a bit nervous depending on the results. However, it's reassuring that Korean institutional investors solidly bought to support the market.

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