Korean Stocks Recover 6800 Level as Institutions Buy 3.8 Trillion Won

KOSPI recovered the 6800 level on July 14, closing at 6856.83, up 49.90 points or 0.73% from the previous trading day. The rebound followed bargain-hunting attempts in semiconductor stocks after the previous day's selloff. Institutions purchased 3.8443 trillion won worth of stocks through Korea Exchange and Nexttrade, while foreigners bought 1.8038 trillion won and retail investors sold 5.5567 trillion won.

Institutions and Foreigners Drive Buying as Retail Investors Exit

Institutional investors led the buying with 3.8443 trillion won in net purchases on July 14. Financial investment firms accounted for 2.4543 trillion won of institutional buying, followed by insurance companies at 150.5 billion won and pension funds at 86.8 billion won. Foreign investors purchased 1.8038 trillion won worth of stocks. Retail investors sold 5.5567 trillion won in net outflows. The intraday high-low range reached 531.06 points.

Semiconductor Stocks Lead Index Recovery

SK Hynix rose 68,000 won or 3.69% to close at 1,913,000 won on July 14. Samsung Electronics gained 8,500 won or 3.34% to 263,000 won. SK Square increased 29,000 won or 2.50% to 1,190,000 won. The electronics sector advanced over 2%, while manufacturing gained over 1%. Hyundai Motor declined over 4%, KB Financial fell over 3%, and Samsung Life, Samsung Biologics, and Samsung Electro-Mechanics dropped over 2%. LG Energy Solution and Samsung C&T declined over 1%.

KOSDAQ Falls 1.92% Amid Foreign Selling

The KOSDAQ index closed at 783.98 on July 14, down 15.38 points or 1.92% from the previous trading day. Foreign investors sold 280 billion won worth of KOSDAQ stocks, while institutions bought 150.1 billion won and retail investors purchased 112.8 billion won. Korea Exchange activated a program sell-side circuit breaker at 12:06 PM as losses deepened. Alteogen plunged over 11%, Ecopro BM fell over 6%, Ecopro declined over 5%, Kolon TissueGene dropped over 4%, and Rainbow Robotics decreased over 3%. PSK surged over 10%, Jusung Engineering rose over 5%, and Wonik IPS and Leeno Industrial gained over 1%.

Won Weakens Against Dollar

The won closed at 1493.0 won per dollar in Seoul foreign exchange market daytime trading on July 14, up 10.4 won from the previous trading day.

FAQ

What caused Korean stocks to recover on July 14?

Korean stocks recovered the 6800 level on July 14 as institutions and foreign investors engaged in bargain-hunting in semiconductor stocks following the previous day's selloff. Institutions purchased 3.8443 trillion won and foreigners bought 1.8038 trillion won, offsetting retail selling of 5.5567 trillion won.

How did semiconductor stocks perform on July 14?

Semiconductor stocks led the market recovery on July 14. SK Hynix rose 3.69% to 1,913,000 won and Samsung Electronics gained 3.34% to 263,000 won. The electronics sector advanced over 2%, contributing to KOSPI's 0.73% gain to 6856.83.