Samsung, SK Hynix Fall, But Infrastructure Stocks Surge, KOSPI Fluctuates Around 8300

South Korea's stock market saw a mixed performance on July 1, with major semiconductor companies like Samsung Electronics and SK Hynix experiencing significant drops. Samsung Electronics fell over 4%, and SK Hynix declined by more than 2%, exerting downward pressure on the KOSPI.

This weakness in the tech sector occurred despite a strong performance in the semiconductor industry in the US market. The strengthening dollar against the Korean won, with the exchange rate hovering around 1550 won, is cited as a factor negatively impacting foreign investment.

However, the KOSPI managed to defend against a steeper decline, largely due to a surge in infrastructure-related stocks. Following the government's announcement of three major projects, sectors like construction, power equipment, and energy experienced substantial gains. Companies such as LS Electric, Hyosung Heavy Industries, Gaon Cable, and Daehan Cable saw sharp increases, while construction firms like Kumho E&C, GS Engineering & Construction, and Dongbu Construction also posted double-digit growth.

The KOSDAQ also performed well, showing a gain of nearly 1%. While some tech stocks like Jusung Engineering and PSK rose, major players like EcoPro, EcoPro BM, and HLB saw declines. The article also notes the trading prices of Brent and WTI crude oil futures.