KOSPI rises 2.6%; KOSDAQ jumps 5.6%

The KOSPI rose 136.23 points, or 2.60%, to 5,375.36 on Wednesday. Samsung Electronics gained 3.57%, while SK hynix rose 5.36%. The KOSDAQ jumped 37.49 points, or 5.62%, to 705.10.

Foreign investors were net buyers of 655.2 billion won in KOSPI shares, according to provisional post-close data from Naver Pay Securities. Institutions sold a net 482.4 billion won, while individuals sold 715.4 billion won.

On the KOSDAQ, institutions bought a net 313.6 billion won. Foreign investors sold 133.4 billion won and individuals sold 185.6 billion won.

The KOSPI’s previous close was 5,239.13, while the KOSDAQ had ended Tuesday at 667.61.

Chipmakers advance

SK hynix closed at 1,277,000 won, up from Tuesday’s 1,212,000 won. Samsung Electronics rose above 200,000 won to finish at 206,000 won, compared with 198,900 won a day earlier. Its preferred shares advanced 3.77% to 165,000 won.

Among other heavyweights, LG Energy Solution added 1.51% to 335,500 won and Celltrion gained 1.97% to 207,000 won. KB Financial Group rose 0.39% to 153,300 won, while NAVER added 0.67% to 194,300 won.

Several large companies fell. Samsung Biologics lost 2.59% to 1,430,000 won, and HD Hyundai Heavy Industries declined 1.87% to 262,500 won. Kia dropped 1.56% to 94,600 won, while Hyundai Motor fell 0.91% to 272,500 won. Hanwha Aerospace finished unchanged at 659,000 won.

Price sources: Naver Pay Securities for index closes; Yahoo Finance for share closes, cross-checked against Naver Pay Securities. Prices cover the Nov. 11 regular session.

U.S. inflation and the next release

U.S. consumer prices rose 0.4% in October from the previous month, while prices excluding food and energy increased 0.3%, both seasonally adjusted, according to the Bureau of Labor Statistics. The figures were released on Nov. 10.

The BLS is scheduled to release October U.S. producer price data on Nov. 13 at 22:30 KST, according to its release calendar.