{"id":39591,"date":"2024-10-14T13:52:01","date_gmt":"2024-10-14T08:22:01","guid":{"rendered":"https:\/\/www.businessupturn.com\/asia\/?p=39591"},"modified":"2024-11-13T11:59:23","modified_gmt":"2024-11-13T06:29:23","slug":"kospi-rises-1-02-to-2623-30-samsung-electronics-up-2-53-lg-energy-solution-slips-1-22","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/asia\/east-asia\/south-korea\/kospi-rises-1-02-to-2623-30-samsung-electronics-up-2-53-lg-energy-solution-slips-1-22\/39591\/","title":{"rendered":"KOSPI rises 1.02%, Samsung Electronics up 2.53%, LG Energy Solution slips 1.22%"},"content":{"rendered":"<p>The Korea Composite Stock Price Index (KOSPI) closed higher today, gaining 1.02% or 26.38 points, to reach 2,623.30 KRW. The market saw broad-based gains, driven by strong performances in the electronics and financial sectors.<\/p>\n<h3>Major Contributors:<\/h3>\n<ul>\n<li><strong>Samsung Electronics<\/strong>, the largest stock on the KOSPI by market cap, rose 2.53% to 60,800 KRW, with a market cap of 290.62 billion USD.<\/li>\n<li><strong>SK Hynix<\/strong> added 0.81%, closing at 187,500 KRW.<\/li>\n<li><strong>Samsung Biologics<\/strong> gained 1.17% to 1,036,000 KRW, bolstered by strong earnings.<\/li>\n<li><strong>KB Financial Group<\/strong> posted the biggest gain, rising 6.46% to 97,200 KRW.<\/li>\n<\/ul>\n<h3>Top Decliners:<\/h3>\n<p>Not all stocks shared in the gains:<\/p>\n<ul>\n<li><strong>LG Energy Solution<\/strong> fell by 1.22% to 406,000 KRW.<\/li>\n<li><strong>Celltrion<\/strong> slipped 0.76% to 195,800 KRW.<\/li>\n<li><strong>POSCO Holdings<\/strong> also declined, down 0.68% to 364,500 KRW.<\/li>\n<\/ul>\n<h3>Sector Performances:<\/h3>\n<p>The <strong>Electronic Technology<\/strong> sector showed strong performance, with <strong>Samsung Electronics<\/strong> and <strong>SK Hynix<\/strong> leading the gains. However, <strong>LG Energy Solution<\/strong>, in the <strong>Producer Manufacturing<\/strong> sector, saw a drop amid market volatility.<\/p>\n<h3>Market Overview:<\/h3>\n<p>The market breadth was positive, with gains in various sectors, particularly in <strong>Finance<\/strong>, where <strong>KB Financial Group<\/strong> and <strong>Shinhan Financial Group<\/strong> recorded significant rises. Meanwhile, the <strong>Consumer Durables<\/strong> sector also performed well, with <strong>Hyundai Motor<\/strong> and <strong>Kia Corporation<\/strong> posting solid returns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Korea Composite Stock Price Index (KOSPI) closed higher today, gaining 1.02% or 26.38 points, to reach 2,623.30 KRW. The\u2026<\/p>\n","protected":false},"author":399,"featured_media":24013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-39591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-south-korea"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/39591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/399"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=39591"}],"version-history":[{"count":3,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/39591\/revisions"}],"predecessor-version":[{"id":39594,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/39591\/revisions\/39594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/24013"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=39591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=39591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=39591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}