Rebounding Stock Market... KOSPI Recovers to 1770 Level

Samsung Electronics at 50,000 Won... KOSDAQ Also Rebounds to 530 Level

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The stock market, which had briefly fallen to the 1600 level on the KOSPI during trading, is rebounding. The KOSPI index has risen to the 1770 level, and the KOSDAQ has also recovered to the 530 level.

According to the Korea Exchange on the 13th, as of 3:10 PM, the KOSPI was at 1774.84, down 3.24% from the previous day. This contrasts with the morning when it had fallen to the 1600 range.

At the same time, Samsung Electronics, the largest by market capitalization, rose to 50,300 won. Although it initially dropped to 46,850 won, down 7.78% from the previous day, it steadily recovered and rebounded to the 50,000 won range.

It appears that buying by individuals and institutions was effective. On this day, individuals net purchased 454.7 billion won, and institutions net purchased 548.4 billion won in the KOSPI market. Conversely, foreigners net sold 1.1242 trillion won.

The KOSDAQ is also showing signs of recovery. At the same time, it stood at 531.32. Compared to the morning when it had fallen to 487, the lowest in seven years, it has risen more than 9%.

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