KOSPI Recovers to 1910 Level... Foreigners' 'Net Buying' After 31 Trading Days

On the 17th, an employee is passing in front of the KOSPI and exchange rate electronic boards at the Myeongdong Hana Bank headquarters in Seoul. The KOSPI, which started the day on an upward trend, recovered the 1920 level during the session. (Photo by Yonhap News)

[Asia Economy Reporter Kum Boryeong] Foreign investors returned to net buying in the KOSPI market after 31 trading days, leading the KOSPI to recover the 1910 level on the 17th.

On that day, the KOSPI closed at 1914.53, up 57.46 points (3.09%) from the previous trading day.

The KOSPI opened at 1893.31, up 36.24 points (1.95%) from the previous close, continued its upward trend, and at one point during the session recovered the 1920 level.

In the KOSPI market, individuals net sold 609.4 billion KRW. In contrast, foreign investors and institutions net bought 322.6 billion KRW and 235.6 billion KRW, respectively.

Notably, foreign investors had maintained a net selling streak in the KOSPI market for 30 consecutive trading days from the 5th of last month until the day before, but stopped on this day. This is the second longest record following the 33 consecutive trading days of net selling from June 9 to July 23, 2008, which was the longest in history.

By sector, Food and Beverages (0.25%) slightly declined, but Textiles and Apparel (3.27%), Chemicals (3.44%), Electrical and Electronics (4.64%), and Transportation and Warehousing (9.75%) rose.

Among the top 10 companies by market capitalization, only Celltrion (1.86%) declined. Samsung Electronics (4.9%), SK Hynix (3.44%), Samsung Biologics (4.81%), NAVER (4.99%), and LG Chem (5.69%) all rose.

The KOSDAQ also closed at 634.79, up 11.36 points (1.82%) compared to the previous trading day.

The KOSDAQ opened at 631.34, up 7.91 points (1.27%) from the previous close, and showed an upward trend.

In the KOSDAQ market, individuals and institutions net bought 21.2 billion KRW and 26.7 billion KRW, respectively, while foreign investors net sold 44.7 billion KRW.

By sector, Internet (3.91%), Paper and Wood (12.66%), and Metals (2.23%) rose.

Among the top market cap sectors, Celltrion Healthcare (1.1%), HL Biopharma (1.68%), and Celltrion Pharm (3.67%) declined, while Pearl Abyss (4.44%) and CJ ENM (4.85%) rose.

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