KOSPI Ends with Sharp Rebound in One Day... KOSDAQ Jumps 3.9%
The KOSPI rebounded from the previous day's sharp decline, starting with a rise of over 1%. On the 9th, dealers were working in the dealing room of KEB Hana Bank in Jung-gu, Seoul. On that day, the KOSPI index opened at 2,182.20, up 30.89 points (1.44%) from the previous trading day. The won-dollar exchange rate opened at 1,162.0 won, down 8.8 won. Photo by Kim Hyunmin kimhyun81@
View original image[Asia Economy Reporter Ji-hwan Park] On the 9th, the KOSPI closed higher at 2,186.45, up 35.13 points (+1.63%) from the previous trading day (2,151.31), supported by 'twin' buying from individuals and foreigners.
The index started at 2,182.20 and rose more than 1% from the beginning of the session. It is analyzed that the market stabilized as U.S. President Trump sent conciliatory messages to Iran, lowering the possibility of a full-scale war between the U.S. and Iran.
Looking at the trading trends by participant, individuals recorded net purchases of 190 billion KRW, and foreigners net purchased 93.3 billion KRW, leading the upward market. Institutions net sold 283.5 billion KRW.
By sector, food and beverages (+0.48%), textiles and apparel (+1.97%), pharmaceuticals (+2.35%), and electrical and electronics (+2.83%) showed upward trends, while medical precision (-1.67%) and telecommunications (-0.35%) closed lower.
Most of the top market capitalization stocks rose. In particular, Samsung Electronics (+3.17%) showed a solid upward trend and closed at an all-time high. SK Hynix (+1.64%) and NAVER (+1.64%) also closed higher. On the other hand, Hyundai Motor (-0.45%), LG Household & Health Care (-1.56%), and SK Telecom (-0.22%) declined.
The KOSDAQ index also closed at 666.09, up 25.15 points (+3.92%) from the previous trading day.
Looking at trading trends by participant, individual investors and institutions net sold 151.9 billion KRW and 7.8 billion KRW respectively. Foreigners net purchased 161.7 billion KRW, leading the index's rise.
By sector, all sectors showed upward trends, including telecommunications and broadcasting services (+2.92%) and entertainment and culture (+4.05%).
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- One in 77 Koreans Exposed to Drugs... Enough Money for 6,600 Luxury Gangnam Apartments Circulates in Drug Market [ChwiYakGukga] ⑩
- "Greater Impact on Women Than Men"... The 'Diet Trap' That Causes Sleepless Nights and Suffering
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Among the top market capitalization stocks, most closed higher, including Celltrion Healthcare (+2.63%), HL Biopharma (+10.19%), CJ ENM (+1.78%), Pearl Abyss (+1.69%), and Studio Dragon (+3.51%).
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.