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KOSPI Closes 1.62% Higher... SK Square and LG Energy Solution Lead Large-Cap Gains

On the 4th, the domestic stock market successfully rebounded amid strong buying pressure. According to the Korea Exchange, KOSPI closed the session at 6,358.95,

Oseong Kwon
Staff Reporter
4 min read
KOSPI Closes 1.62% Higher... SK Square and LG Energy Solution Lead Large-Cap Gains
CBC News

On the 4th, the domestic stock market successfully rebounded amid strong buying pressure. According to the Korea Exchange, KOSPI closed the session at 6,358.95, up 101.50 points (1.62%) from the previous trading day.

KOSPI, which had exhibited sharp volatility recently, fell to an intraday low of 6,080.25 before inflows of investor buying enabled it to close higher. Large-cap stocks by market capitalization showed distinct, stock-specific movements.

Large-Cap 'Strong' Stocks Six of the top 10 stocks by market capitalization closed higher on the day. Large-cap stocks related to secondary batteries, biotechnology, and telecommunications led the gains. LG Energy Solution closed at 328,500 won, up 3.96% from the previous trading day, while Samsung Biologics finished trading at 1,476,000 won, up 3.72%. SK Square also rose 3.41% to 106,000 won, showing a firm trend.

Major semiconductor stocks also displayed a defensive trend. Samsung Electronics closed up 0.21% at 240,000 won, and SK Hynix finished 0.64% higher at 1,577,000 won, each maintaining a firm tone. Samsung Electro-Mechanics also ended the session at 118,500 won, up 0.34%.

Large-Cap 'Weak' Stocks Meanwhile, four of the top 10 stocks by market capitalization trended lower. Samsung Electronics Preferred Shares fell 0.90% to 176,400 won, while automotive and financial stocks such as Hyundai Motor (-0.13%), KB Financial Group (-0.41%), and Samsung Life Insurance (-3.30%) failed to escape weakness.

Future Market Outlook Going forward, investors are advised to approach the domestic stock market with U.S. monetary policy direction, key macroeconomic data releases, and corporate earnings announcements as the core variables to monitor.

[This article is for reference only in making investment decisions and does not recommend buying or selling any specific stock. The investor bears full responsibility for any losses resulting from investment decisions.]

Oseong Kwon
Staff Reporter

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