KOSPI Ends Above 2160 Driven by Individual and Foreign Buying... KOSDAQ Barely Holds at 660

[Asia Economy Reporter Oh Ju-yeon] The KOSPI closed slightly higher, supported by buying from individuals and foreigners. The KOSPI, which had plunged due to the novel coronavirus infection (Wuhan pneumonia), rose to the 2180 level during the session on expectations of China's economic stimulus policies. However, it later gave up the gains, and the index's upward trend stopped at the 2160 level.

According to the Korea Exchange on the 5th, the KOSPI closed at 2165.63, up 0.36% from the previous trading day. The KOSPI started the session at 2177.26 (0.90%) and quickly rose to 2181.52 in the morning, rebounding over 1%. Securities firms evaluated that investor sentiment improved thanks to expectations for China's economic stimulus measures, which had been a strong factor in the Korean stock market the previous day. However, with analyses calling it a 'technical rebound,' the gains narrowed as institutional selling continued in the afternoon.

On the day, individuals and foreigners were net buyers of 432.9 billion KRW and 456 billion KRW, respectively, while institutions were net sellers of 909 billion KRW.

Among the top market capitalization stocks, Samsung Electronics (1.02%), SK Hynix (0.62%), NAVER (0.55%), and LG Chem (0.66%) rose, while Samsung Biologics (-0.51%) and Celltrion (-1.79%) declined.

The KOSDAQ index closed at 661.32, up 0.01% from the previous trading day. Individuals were net buyers of 124.2 billion KRW, while foreigners and institutions were net sellers of 41.7 billion KRW and 73.2 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (1.08%) and CJ ENM (0.07%) rose, while HL Biopharma (-1.21%), Studio Dragon (-0.47%), Pearl Abyss (-1.36%), and KMH (-0.38%) closed lower.

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