US Says "Worst of COVID-19 Is Over"... KOSPI Starts Up at 1846.41

[Asia Economy Reporter Minji Lee] The KOSPI is on the rise due to individual buying momentum.

At 9:13 a.m. on the 14th, the KOSPI recorded 1,839.87, up 0.77% (14.11 points) from the previous session. The KOSPI opened the day at 1,846.41, up 1.13% (20.65 points) from the previous session.

Currently, in the securities market, individuals have purchased stocks worth 46 billion KRW. Institutions and foreigners sold stocks worth 39 billion KRW and 9.5 billion KRW, respectively.

By industry, electric and gas utilities (2.45%), steel and metals (2.07%), paper and wood (1.58%), and telecommunications (1.49%) rose.

Among the top market capitalization stocks, Samsung Electronics traded at 48,650 KRW, up 0.72% from the previous session. SK Hynix (81,900 KRW), Celltrion (1.62%), Naver (0.90%), LG Chem (2.54%), and Hyundai Motor (0.51%) also rose.

Seosangyoung, a researcher at Kiwoom Securities, said, "The U.S. indices saw selling pressure ahead of the earnings season yesterday. However, the decline narrowed following remarks by the New York governor that the worst of COVID-19 has passed and announcements related to economic reopening are expected."

[Image source=Yonhap News]

At the same time, the KOSDAQ index is pointing to 605.72, up 1.51% (9.01 points) from the previous session. The KOSDAQ index opened at 605.14, up 1.41% (8.43 points) from the previous session.

In the KOSDAQ market, individuals and foreigners bought stocks worth 11.1 billion KRW and 200 million KRW, respectively. Meanwhile, institutions alone sold stocks worth 10.6 billion KRW.

The top sectors in the KOSDAQ market include entertainment and culture (2.63%), computer services (1.56%), software (2.15%), and IT software services (1.82%).

Among the top market capitalization stocks in the KOSDAQ market, Celltrion Healthcare traded at 82,200 KRW, up 0.86% from the previous session. HL Biopharma (0.93%), Celltrion Pharm (0.78%), Pearl Abyss (2.48%), and Seegene (1.81%) also rose.

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