KOSPI Starts in the 1750s... Expectations for Economic Stimulus

KOSPI Supported by Institutions, KOSDAQ Bought by Individuals with Over 4% Rise Early in the Session

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[Asia Economy Reporter Minwoo Lee] The KOSPI opened above the 1750 mark, continuing its upward trend for the second consecutive day. This appears to reflect expectations for various economic stimulus measures announced in both South Korea and the United States.

According to the Korea Exchange on the 27th, the KOSPI opened at 1756.07, up 4.14% (69.83 points) from the previous day. As of 9:17 a.m., it was recorded at 1752.13. The U.S. Congress passed a historic $2 trillion (approximately 2.5 trillion KRW) economic stimulus package the day before, and domestically, the Bank of Korea announced unlimited quantitative easing for the first time ever, which seems to have fueled these expectations. In fact, the U.S. stock market also closed higher for two consecutive days for the first time since last month following the passage of the stimulus package.

In the KOSPI market, institutional investors were net buyers of 55.5 billion KRW. Individuals and foreigners were net sellers of 40.6 billion KRW and 10.6 billion KRW, respectively.

All sectors showed gains. The largest increases were in machinery (5.27%), securities (5.04%), finance (4.75%), and steel & metals (4.13%).

All of the top 10 market capitalization stocks also rose. SK Hynix showed the largest increase at 5.08%, followed by NAVER (4.59%), Hyundai Motor (4.24%), Celltrion (3.58%), LG Chem (3.34%), Samsung C&T (3.09%), and Samsung Electronics (2.82%).

The KOSDAQ also opened higher, rising 3.74% (19.33 points) to 535.94. As of 9:17 a.m., it had climbed to 539.01.

In the KOSDAQ market, individuals were net buyers of 65.8 billion KRW. Foreigners and institutions were net sellers of 31.4 billion KRW and 32.5 billion KRW, respectively.

Similar to the KOSPI, all sectors were on the rise. The computer services sector led with a 7.00% increase, followed by pharmaceuticals (6.84%), other services (5.09%), medical & precision instruments (5.05%), manufacturing (4.84%), and non-metallic minerals (4.79%).

All of the top 10 market capitalization stocks showed gains. Seegene surged 19.91% early in the session. Komipharm also showed double-digit growth at 12.20%. Other gainers included Helixmith (4.56%), Celltrion Pharm (4.35%), Celltrion Healthcare (3.33%), and CJ ENM (3.13%).

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