"Foreign and Institutional Buying Boosts KOSPI to 2,620 Points, KOSDAQ Slumps"

# KOSPI Climbs as Foreign and Institutional Investors Drive Market Surge The KOSPI index kicked off higher on November 14, bolstered by significant buying from foreign and institutional investors. By 9:10 a.m. local time, the KOSPI stood at 2,629.02, marking a rise of 20.60 points or 0.79% from the previous close. Opening 16.94 points higher (0.65%) at 2,625.36, the index maintained its upward momentum. On the main board, foreign investors and institutions were net buyers, acquiring 97.8 billion won and 34.4 billion won worth of stocks, respectively. Conversely, retail investors were net sellers, shedding 136.5 billion won. # Sector Analysis: Machinery and Electronics Lead Advances Among the sectors, machinery and equipment experienced the highest jump at 2.50%, followed by electrical and electronics (1.16%), finance (1.12%), chemicals (0.81%), construction (0.84%), securities (0.59%), manufacturing (0.73%), telecommunications (0.45%), and transportation and storage (0.22%). # Key Stocks Performance: SK Hynix Leads the Pack Prominent stocks on the KOSPI showed mixed results. Semiconductor major SK Hynix climbed 3.02%, topping the gainers among the biggest players. Hanwha Aerospace rose by 1.74%, Samsung Electronics increased by 0.97%, NAVER went up by 0.96%, Shinhan Financial Group gained 0.77%, and Hanwha Ocean advanced by 0.64%. On the downside, LG Energy Solution (-1.12%), Celltrion (-1.17%), Samsung Biologics (-0.60%), and Hyundai Motor (-0.10%) posted losses. # KOSDAQ Slumps Amid Foreign and Institutional Selling The KOSDAQ index showed a divergent trend, trading lower by 3.35 points or 0.46% at 728.53 at the same time frame. It opened 0.32 points higher (0.04%) at 732.20 but swiftly turned downward. In the KOSDAQ market, foreign investors and institutions were major sellers, unloading 39.7 billion won and 15 billion won, respectively. Retail investors emerged as net buyers, snapping up 58.1 billion won worth of shares. # KOSDAQ Leaders Falter Leading KOSDAQ stocks mostly declined. Alteogen tumbled 6.75%, EcoPro BM dropped 2.94%, Peptone fell 5.29%, LIG ChemBio slid 3.21%, Kolon TissueGene lost 3.23%, HLB decreased 1.23%, Sam Chun Dang Pharm dipped 0.74%, LinoTech edged down 0.50%, and Classys fell 0.61%. These declines significantly impacted the index. # Wall Street Summary: S&P 500 and Nasdaq Gain, Dow Drops Overnight in New York, the Dow Jones Industrial Average fell by 269.67 points, down 0.64%, to close at 42,140.43. Conversely, the S&P 500 gained 42.36 points or 0.72% to finish at 5,886.55, and the Nasdaq Composite surged 301.74 points (1.61%) to close at 19,010.08. # Korean Won Opens Higher Against US Dollar In the Seoul foreign exchange market, the Korean won opened at 1,418.0 against the US dollar, up 2.0 won from the previous session's close.