KOSPI Surpasses 2200 on Rising Expectations for Economic Recovery... Starts with Over 1% Gain

[Asia Economy Reporter Minji Lee] The KOSPI started with a rise of over 1%, surpassing the 2200 mark during trading for the first time in three and a half months.

At 9:05 a.m. on the 8th, the KOSPI was at 2204.09, up 1.02% (22.22 points) from the previous session. The KOSPI opened at 2215.60, up 1.55% (33.73 points) from the previous session. Currently, in the Korea Exchange, individuals and institutions bought stocks worth 8.4 billion KRW and 40.5 billion KRW respectively. Foreigners alone sold stocks worth 42.8 billion KRW.

[Image source=Yonhap News]

By sector, securities (1.93%), steel and metals (1.82%), banks (1.42%), and steel and metals (1.34%) showed the largest gains. Among the top market capitalization stocks, Samsung Electronics traded at 56,000 KRW, up 0.9% from the previous session. SK Hynix (1.77%), Naver (0.43%), Celltrion (1.75%), LG Chem (1.84%), Hyundai Motor (2.35%), and Kakao (0.40%) also rose.

Sangyoung Seo, a researcher at Kiwoom Securities, said, “Considering the high expectations for economic recovery based on U.S. economic indicators, the market is expected to rise,” adding, “The extension of the production cut period by OPEC+ countries is also positive.”

At the same time, the KOSDAQ index was at 751.84, up 0.34% (2.53 points) from the previous session. The index opened at 754.12, up 0.64% (4.81 points) from the previous session. In the KOSDAQ market, individuals are the sole buyers. Individuals bought stocks worth 37.3 billion KRW, while foreigners and institutions sold stocks worth 27.9 billion KRW and 7.7 billion KRW respectively.

By sector, distribution (1.26%), publishing media (1.03%), entertainment and culture (1%), and computer services (0.94%) showed the largest gains. Among the top market capitalization stocks, Celltrion Healthcare (1.79%), HL Biopharma (0.945%), Alteogen (2.95%), Seegene (1.41%), and CJ ENM (1.13%) also rose.

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