Particle.news
Download on the App Store
3 ARTICLES
·
yesterday

KOSPI Rises as Retail Investors Counter Foreign and Institutional Selling

South Korean stocks opened higher, reflecting mixed sectoral performances and ongoing trade negotiations tied to U.S. tariffs.

Officials work at a dealing room of Hana Bank in Seoul on April 28, 2025. (Yonhap)
Officials work at a dealing room of Hana Bank in Seoul on April 28, 2025. (Yonhap)

Overview

  • The Korea Composite Stock Price Index (KOSPI) opened at 2,552.23, up 0.23% in early trading on April 28, 2025.
  • Retail investors stepped in to buy shares, offsetting selling by foreign and institutional investors.
  • Major sectors showed mixed results: Samsung Electronics remained unchanged, SK hynix fell 0.87%, and LG Energy Solution rose 1.15%.
  • Shipbuilder Hanwha Ocean surged 4.12%, while HD Hyundai Heavy declined 0.62%; Hyundai Motor dropped 0.37%, and Kia increased 0.34%.
  • The Korean won traded at 1,436.75 against the U.S. dollar, slightly lower than the previous session, reflecting ongoing market adjustments.