KOSPI Starts Upward at 2261... KOSDAQ Also Rises Together

The Influence of the US-China Trade Agreement Remains Strong

On the 14th, the KOSPI index opened at 2243.06, up 13.80 points (0.62%) from the previous trading day, amid expectations for the signing of the first phase trade agreement between the US and China. Dealers are working in the dealing room of KEB Hana Bank in Jung-gu, Seoul. In the Seoul foreign exchange market, the won-dollar exchange rate started at 1153.7 won, down 2.3 won from the previous trading day. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Minwoo Lee] The KOSPI opened higher and is maintaining the 2260 level. It is analyzed that solid U.S. economic indicators and the trade agreement between the U.S. and China continue to have an impact.

As of 9:20 a.m. on the 17th, the KOSPI was at 2,263.78, up 15.73 points (0.70%) from the previous session. In the securities market, individuals and institutions sold a net amount of 35.3 billion KRW and 25.6 billion KRW, respectively. Foreigners bought a net amount of 59.7 billion KRW.

Almost all sectors are on the rise. Electrical & Electronics (1.46%), Medical Precision (1.03%), and Machinery (0.83%) showed relatively large gains. Banks (0.43%), Finance (0.16%), and Insurance (0.10%) declined.

Most of the top market capitalization stocks are also rising. SK Hynix rose the most at 2.32%. Samsung Electronics (1.81%), Hyundai Motor (0.84%), and LG Chem (0.61%) followed. On the other hand, Celltrion (0.83%) was the only stock to fall. POSCO started unchanged.

At the same time, the KOSDAQ was also up 3.53 points (0.51%) from the previous session, standing at 690.05. Individuals and institutions bought net amounts of 17.3 billion KRW and 0.1 billion KRW, respectively, while foreigners sold a net amount of 15.5 billion KRW.

Again, almost all sectors rose. Telecommunications Services (2.05%), Other Manufacturing (1.66%), and Computer Services (1.13%) led the gains. Only Other Services (0.09%) and Food & Tobacco (0.07%) declined.

Among the top 10 market capitalization stocks, SK Materials (0.79%), Pearl Abyss (0.58%), HL Biopharma (0.37%), Medytox (0.23%), KMW (0.18%), and Celltrion Healthcare (0.18%) rose. Meanwhile, Helixmith (1.22%), Paradise (0.69%), Studio Dragon (0.35%), and CJ ENM (0.19%) fell.

Seosangyoung, a researcher at Kiwoom Securities, said, "The solid U.S. economic indicator results increase risk asset preference, which is positive for the Korean stock market, but considering that this was an expected outcome following the U.S.-China trade agreement in December, the impact will be limited." He added, "Rather than an expansion of the Korean stock market's gains, a process of digesting profit-taking following the important event of the U.S.-China trade agreement signing will continue." He also predicted, "Especially with the full-scale earnings announcements starting next week, a stock market showing changes according to individual stock issues will unfold."

This content was produced with the assistance of AI translation services.