KOSPI Starts with 2% Rebound... Positive Impact of Currency Swap Deal

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 20th, the domestic stock market, which had experienced an unprecedented decline the previous day, successfully escaped the panic situation. Both the KOSPI and KOSDAQ showed a pleasant start, rising by around 2-4%. This rise appears to be due to the global stock markets climbing, supported by major central banks' stimulus measures such as the expansion of currency swaps.

According to the Korea Exchange as of 9:10 a.m. on the 20th, the KOSPI was at 1495.22, up 2.68% (37.58 points) from the previous day.

On this day, global stock markets rose, supported by stimulus measures from major central banks, including the expansion of currency swaps. On the 19th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 20,087.19, up 188.27 points (0.95%) from the previous session. The Standard & Poor's (S&P) 500 index rose 11.29 points (0.47%) to 2409.39, and the Nasdaq closed at 7150.58, up 160.73 points (2.3%).

Europe also saw market gains due to liquidity supply measures by various governments. The FTSE 100 index of the London Stock Exchange closed at 5173.51, up 1.83% from the previous trading day. Germany’s Frankfurt Stock Exchange DAX index and France’s Paris Stock Exchange CAC 40 index rose 2.00% and 2.68%, closing at 8610.43 and 3855.50, respectively. The Euro Stoxx 50 index also recorded a 2.86% increase to 2454.08.

Looking at trading trends by market participants in the KOSPI market, individuals and foreigners were net buyers with 14.7 billion KRW and 11.2 billion KRW, respectively. In contrast, institutions were net sellers with 25.4 billion KRW.

Most sectors showed an upward trend. Chemicals (3.43%), distribution (2.06%), construction (2.55%), telecommunications (1.00%), and food and beverages (2.20%) all rose.

Among the top 10 market capitalization stocks, all showed gains. Samsung Electronics (2.79%), SK Hynix (2.90%), Samsung Biologics (4.10%), and Naver (2.78%) all increased.

The KOSDAQ also rose 3.99% (16.85 points) to 445.20 compared to the previous day. On the KOSDAQ, individuals were net sellers with 48.6 billion KRW. Meanwhile, foreigners and institutions were net buyers with 41.7 billion KRW and 10.3 billion KRW, respectively.

By sector, many sectors are rising, including construction (4.68%), distribution (4.16%), transportation (4.63%), and finance (4.84%).

Among the top 10 market capitalization stocks, all except Seegene (-2.53%) rose. Celltrion Healthcare (3.85%), HL Biopharma (3.71%), and Pearl Abyss (2.79%) increased.

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