On Friday, the South Korean stock market rose slightly, with the KOSPI closing at 7,848.86 points, up 0.43%, an increase of 33.27 points for the day. Technology stocks drove the index to climb over 8% at one point; however, foreign investors continued to sell net for the 12th consecutive day. Semiconductor leader Samsung Electronics and SK Hynix retreated, falling 1.75% and 0.05%, respectively. Auto stocks declined, with Hyundai Motor down 1.8% and Kia 1.61%. Samsung Electro-Mechanics surged 7.23 against the trend, reportedly due to signing an AI chip component supply agreement with a U.S. company. Doosan Energy rose 3.97%, and HD Hyundai Heavy Industries increased 1.79%.

CoinNetwork

2026-05-22 03:04:36

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Crypto World News reports that on Friday morning, the South Korean stock market followed overnight gains on Wall Street and edged higher. The Korea Composite Stock Price Index (KOSPI) rose 33.27 points, or 0.43%, to 7,848.86 points. Encouraged by gains in technology stocks, the KOSPI index surged by more than 8% at one point yesterday. Large-cap stocks saw mixed performance, while foreign investors continued to net sell for the 12th consecutive trading day. After a sharp rebound the previous day, the two semiconductor giants—Samsung Electronics and SK Hynix—pulled back by 1.75% and 0.05%, respectively. Auto stocks also joined the decline, with Hyundai Motor down 1.8% and its related company Kia falling 1.61%. By contrast, Samsung Electro-Mechanics, a subsidiary of Samsung Electronics, saw its share price jump 7.23% after reports said the company had signed a major AI chip component supply agreement with a U.S. technology firm. Doosan Energy, a power plant equipment manufacturer, rose 3.97%, while Hyundai Heavy Industries, a large shipbuilding company, gained 1.79%.

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CraterLiquidity

· 6h ago

Samsung Electro-Mechanics' 7% increase is a bit significant; is the AI supply chain about to change?

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TvlAt3A.m.

· 17h ago

Doosan Energy + HD Hyundai Heavy Industries, traditional energy and shipbuilding are quietly gaining strength.

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GateUser-78acf617

· 20h ago

Tech stocks boost the index, but foreign capital has been exiting for 12 days straight—this script feels a bit familiar.

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OrderflowOtter

· 20h ago

This market trend: retail investors chase high-tech stocks, while foreign capital quietly withdraws. Who's right?

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ACalmnessWithAHintOfPomelo

· 20h ago

Pay attention to next week's foreign capital flows; a net outflow of 12 days is no small matter.

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DaoSideQuest

· 20h ago

This 0.43% increase relies entirely on intraday pulses; by the time the market closes, it's just for show.

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BlueberryStakingMachine

· 20h ago

Foreign capital has been net selling for 12 consecutive days, putting significant liquidity pressure on the Korean stock market.

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TheStoneBehindTheVolcano

· 20h ago

SK Hynix dips 0.05%, hardly moves, with a strong sense of caution and wait-and-see sentiment

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HotAirBalloonViewing

· 20h ago

The tech stocks' surge to 8% couldn't hold steady.

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Don'tMessWithSlippage.

· 21h ago

SK Hynix drops slightly by 0.05%, which is relatively resistant to decline.

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After a sharp rise in the Korean stock market, a brief pause, with two major semiconductor giants weakening.

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