KOSDAQ Turns Up... Recovery of 630 Level in Sight

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the afternoon of the 22nd, the KOSDAQ index turned to an upward trend. Although the KOSDAQ market started lower due to deteriorating investor sentiment caused by the collapse of the crude oil market, it reversed to an upward trend thanks to the rise of major pharmaceutical and bio stocks with large market capitalizations.

According to the Korea Exchange at 1:28 PM, the KOSDAQ index was trading at 629.56, up 0.79 points (0.13%) compared to the previous trading day. The KOSDAQ index started at 618.95, down 9.82 points (1.56%) from the previous day, and moved around the 620 level in the early session due to simultaneous selling by institutions and foreigners, but soon succeeded in turning upward.

By investor type, individuals are net buyers with 114.2 billion KRW. On the other hand, foreigners and institutions are net sellers with 62.0 billion KRW and 39.6 billion KRW, respectively.

At the same time, the KOSPI recorded 1868.11, down 11.79 points (0.63%) from the previous trading day.

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