KOSPI Closes at 2150 Level with 0.19% Gain After Giving Up 2% Rise...

[Asia Economy Reporter Oh Ju-yeon] On the 4th, the KOSPI, which surged over 2% during the session and soared like a pillar of fire, gave up most of its daily gains in the afternoon and barely closed higher. The index's rise was limited due to intensified frictions such as the suspension of flights between the US and China, as well as profit-taking selling following the previous day's sharp rise.

On that day, the KOSPI closed up 0.19% at 2151.18 compared to the previous trading day. It surged about 2% with a fierce momentum, even breaking through the 2190 level during the morning session, but later gave back the gains.

Seo Sang-young, a researcher at Kiwoom Securities, analyzed, "The domestic stock market started higher as the possibility of a favorable economic recovery was highlighted with improved US employment indicators. However, selling pressure emerged as frictions intensified, including China's partial cancellation of US agricultural product purchases reported just before the US market closed and the suspension of US-China flights."

Researcher Seo added, "Profit-taking selling following the previous day's sharp rise also contributed to the pressure. In particular, sectors that had recently continued to rise, such as automobiles, banks, and chemicals, experienced significant declines." However, despite the worsening US-China frictions, expectations for economic recovery still positively influenced the market, leading to a rebound after the intraday decline.

By investor type, individuals sold a net 334.6 billion KRW worth of securities in the KOSPI market, while foreigners and institutions bought net amounts of 46.9 billion KRW and 297.7 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics (0.92%), Samsung Biologics (2.08%), NAVER (2.44%), Celltrion (4.84%), and LG Chem (4.24%) rose, while SK Hynix (-0.56%) and Hyundai Motor (-0.46%) declined.

The KOSDAQ index closed up 0.64% at 742.37 compared to the previous trading day. Individuals bought a net 19 billion KRW, foreigners bought 141.8 billion KRW, and institutions sold 143.2 billion KRW in the KOSDAQ market.

Among the top market capitalization stocks, Celltrion Healthcare (2.93%), Celltrion Pharm (6.18%), and Alteogen (12.07%) rose, while HL Biopharma (-5.68%) and Seegene (-1.66%) declined.

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