KOSPI Starts Higher on Individual and Foreign Buying... Recovers 2130 Level Intraday

On the 4th, as the spread of the novel coronavirus infection caused instability in the domestic stock market, dealers were busy working in the dealing room of Hana Bank in Euljiro, Seoul. On that day, the KOSPI index opened at 2,121.22, up 2.34 points (0.11%) from the previous trading day. Photo by Moon Honam munonam@

[Asia Economy Reporter Park Jihwan] The KOSPI recovered to the 2130 level due to buying pressure from individuals and foreigners.

As of 9:18 a.m. on the 4th, the KOSPI stood at 2128.96, up 9.71 points (0.48%) from the previous trading day. After falling for three consecutive days, the index opened at 2121.22, up 2.34 points (0.11%) from the previous session, showing an early strong trend. During the session, it showed a nearly 1% increase and recovered to the 2130 level.

On the day, in the KOSPI market, individuals and foreigners net bought 72.5 billion KRW and 89.5 billion KRW respectively. Institutions net sold 166.6 billion KRW.

Most sectors rose except for paper & wood (-1.36%), textiles & apparel (-1.53%), and food & beverages (-0.14%). Chemicals (1.72%), steel & metals (1.08%), transportation equipment (0.48%), and construction (1.31%) increased.

Among the top 10 market capitalization stocks, most showed an upward trend including Samsung Electronics (0.52%), SK Hynix (1.06%), Samsung Biologics (1.25%), and LG Chem (5.00%). Only NAVER showed a decline of -0.56%.

The KOSDAQ also rose 10.87 points (0.78%) to 650.78 compared to the previous session. In the KOSDAQ market, individuals net bought 54.3 billion KRW. Meanwhile, foreigners and institutions net sold 37.6 billion KRW and 15.8 billion KRW respectively.

Most sectors showed an upward trend. Entertainment & culture (0.18%), telecommunications & broadcasting services (0.83%), IT software (0.66%), and semiconductors (0.46%) rose.

Among the top 10 market capitalization stocks, there were differences by individual stocks. Celltrion Healthcare (1.79%), CJ ENM (1.60%), and Medytox (0.85%) rose, while Pearl Abyss (-0.82%), Studio Dragon (-0.71%), and KMW (-0.19%) declined.

Seosangyoung, a researcher at Kiwoom Securities, analyzed, "Despite the sharp drop in the Chinese stock market (-7.72%), the US stock market started higher," adding, "The People's Bank of China supplied 1.2 trillion yuan in liquidity, and the improvement in US manufacturing indicators had a positive impact."

He especially noted, "The World Health Organization (WHO) stated that except for China, the spread of infectious diseases is not serious," and said, "As the analysis that the infectious disease situation will only have a short-term impact and will not cause a long-term economic recession spreads, global stock markets are showing strength."

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