KOSPI Opens Higher at 2220 Level on Foreign and Institutional Buying Pressure

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The KOSPI opened higher at the 2220 level, supported by buying from institutional and foreign investors.

As of 9:17 a.m. on the 20th, the KOSPI was at 2223.08, up 11.26 points (0.51%) from the previous day. This is attributed to expectations driven by the Chinese government's economic stimulus policies in response to the COVID-19 economic shock and positive U.S. key economic indicators. On this day, the KOSPI opened at 2223.55, up 13.21 points (0.60%) from the previous trading day (2210.34).

By investor type, individual investors sold a net 46.2 billion KRW, while foreigners and institutions bought a net 35.6 billion KRW and 14.8 billion KRW, respectively. By sector, Paper & Wood (1.93%), Electrical & Electronics (1.07%), and Transportation & Warehousing (0.56%) rose. Food & Beverages (-0.22%) and Textiles & Apparel (-0.27%) declined.

Among the top 10 companies by market capitalization, leading stocks such as Samsung Electronics (1.16%), SK Hynix (1.45%), and Samsung Biologics (0.99%) were up. Conversely, Celltrion (-1.10%) and Hyundai Mobis (-0.21%) were down.

At the same time, the KOSDAQ also rose 1.30 points (0.19%) to 686.08 compared to the previous session. In the KOSDAQ market, individual investors led the market with net purchases worth 18.9 billion KRW. Meanwhile, foreigners and institutions sold net amounts of 2.1 billion KRW and 12.5 billion KRW, respectively.

By sector, Entertainment & Culture (-0.23%) and Telecommunications & Broadcasting Services (-0.88%) declined, while Internet (0.04%), Information Devices (0.64%), and Semiconductors (1.03%) rose.

Among the top market capitalization stocks, Celltrion Healthcare (-0.15%) and CJ ENM (-1.97%) were down. HL Biopharma (2.80%) and KMV (1.08%) were up.

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