KOSPI rises 0.68% to 6,743 as retail, institutions buy

The benchmark KOSPI (South Korean stock index) rose 0.68% to close at 6,743 on Tuesday, recovering from the previous session as retail and institutional investors bought Korean shares. SK hynix gained 0.42%, while Hyundai Motor, KB Financial Group and Kia Corporation rose 1.69%, 2.02% and 2.59%, respectively. Samsung Electronics was flat, while SK Square fell 1.49% and LG Energy Solution dropped 3.45%. Investors awaited Nvidia’s earnings report for signals on the outlook for AI-related investment, although concerns about the profitability of AI spending continued to pressure technology stocks. Foreign investors were net sellers, offloading KRW 3.82 trillion, compared with purchases of KRW 1.0 trillion by individuals and KRW 1.17 trillion by institutions. Geopolitical tensions in the Middle East and uncertainty surrounding the U.S. monetary-policy outlook also tempered sentiment ahead of Fed Governor Kevin Warsh’s speech at Jackson Hole on Friday.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.