Domestic Stock Market Rebounds Successfully... KOSPI Up 7.44%, KOSDAQ Surges 9.2%

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 20th, both the KOSPI and KOSDAQ markets showed significant gains, bringing a breath of fresh air to the domestic stock market after a long time. The domestic stock market, which had experienced an unprecedented decline the previous day, successfully escaped the panic situation for now.

According to the Korea Exchange on that day, the KOSPI closed at 1,566.15, up 7.44% (108.51 points) from the previous day. The KOSPI showed an upward trend from the early session, supported by market stabilization measures such as the expansion of the currency swap agreement by the U.S. Federal Reserve and a 1-2% rise in major European stock markets, reflecting a global market rebound.

During the session, a sidecar was triggered as KOSPI and KOSDAQ futures prices surged sharply, temporarily suspending program buy orders. After a sell-side sidecar was triggered in both markets the previous day, a buy-side sidecar was activated again the next day, causing the market to exhibit a 'rollercoaster'-like movement.

Looking at the trading trends by market participants in the KOSPI market, individuals and institutions were net buyers with 200.6 billion KRW and 306.7 billion KRW respectively. In contrast, foreigners were net sellers with 585.5 billion KRW.

By industry, most sectors rose, including Chemicals (9.02%), Distribution (6.15%), Construction (10.39%), Telecommunications (2.70%), and Food & Beverages (7.03%).

Among the top 10 market capitalization stocks, all stocks rose. Samsung Electronics (5.70%), SK Hynix (8.41%), Samsung Biologics (17.49%), Naver (6.94%), Celltrion (8.93%), LG Chem (18.48%), LG Household & Health Care (1.19%), Samsung C&T (5.37%), Hyundai Motor (7.89%), and Samsung SDI (18.31%) all increased.

The KOSDAQ also rose 9.20% (39.40 points) to 467.75 compared to the previous day. On the KOSDAQ, individuals were net sellers with 212.4 billion KRW, while foreigners and institutions were net buyers with 59.6 billion KRW and 155.5 billion KRW respectively.

By industry, many sectors rose, including Entertainment & Culture (6.85%), Construction (6.46%), Distribution (8.87%), Transportation (11.08%), and Finance (8.39%).

All of the top 10 market capitalization stocks on the KOSDAQ also rose. Celltrion Healthcare (9.09%), HL Biopharma (5.20%), Pearl Abyss (4.47%), Studio Dragon (9.70%), and CJ ENM (11.20%) showed significant gains.

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