KOSPI Rises Over 2% on Foreign Net Buying... KOSDAQ Challenges Recovery Above 640 Level

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI index recovered to the 2060 level, rising more than 2% thanks to net buying by foreign investors. The KOSDAQ index also rose nearly 2%, regaining the 630 level.

Starting at 2005.81, down 8.34 points (0.41%) from the previous trading day on the 4th, the KOSPI turned upward shortly after the opening and has been increasing its gains. As of 12:05 PM, it is recording 2060.25, up 46.10 points (2.29%) from the previous day.

Foreign investors, who resumed buying after 8 trading days, led the index's rise. As of 12 PM, foreigners have net purchased 233.4 billion KRW in the KOSPI market. Meanwhile, individual and institutional investors have net sold 130.4 billion KRW and 113.6 billion KRW, respectively. Previously, foreigners had sold for 7 consecutive trading days from the 24th of last month until the day before, recording net sales exceeding 4.5 trillion KRW.

By sector, transportation and warehousing, telecommunications, and electrical and electronics are rising, while insurance is declining.

Most of the top market capitalization stocks are rising. SK Telecom surged more than 5%, and Samsung Electronics, Samsung C&T, LG Household & Health Care, and Samsung SDI are among the top gainers.

The KOSDAQ index is also rising nearly 2%. Starting at 623.75, down 3.07 points (0.49%) from the previous day, the KOSDAQ index turned upward early in the session and has been steadily increasing its gains. As of 12:05 PM, it is recording 638.86, up 12.04 points (1.92%) from the previous day.

Regarding current supply and demand, foreign and institutional investors have net purchased 72.3 billion KRW and 31.4 billion KRW, respectively, while individual investors have net sold 98.7 billion KRW.

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