KOSPI Closes Up Over 1% at 2134.65... KOSDAQ Barely Holds the 750 Level

[Asia Economy Reporter Oh Ju-yeon] On the 26th, the KOSPI, which had fallen during the session due to news that the number of deaths and confirmed cases of the novel coronavirus infection (COVID-19) in the US and other countries exceeded the highest levels, closed with a rise of over 1% thanks to the inflow of foreign buying.

On that day, the KOSPI closed at 2,134.65, up 1.05% from the previous trading day. The KOSPI, which started the day up 1.19% at 2,137.47 compared to the previous trading day, fell to 2,115.25 during the morning session but widened its gains again in the afternoon. It also rose as high as 2,142.04 during the session.

Individuals bought stocks worth 106.6 billion KRW, followed by foreigners who also net purchased stocks worth 60.2 billion KRW, driving the index higher. Institutions sold stocks worth 164.1 billion KRW.

Among the top market capitalization stocks, Samsung Electronics closed at 53,300 KRW, up 2.70% from the previous trading day, and SK Hynix also closed up 0.36%. In addition, LG Chem (0.40%), Samsung C&T (0.43%), and Hyundai Motor (0.60%) also rose. Samsung Biologics, NAVER, and Celltrion closed lower.

The KOSDAQ index closed at 750.58, up 0.03% from the previous trading day. The KOSDAQ index, which started the day up 1%, retreated to 742.57 with a decline of about 1% during the session but rebounded to barely maintain the 750 level.

Among the top market capitalization stocks, Celltrion Healthcare (-0.87%), HL Biopharma (-0.50%), and Celltrion Pharm (-1.98%) declined, while Alteogen (0.35%) and Seegene (3.96%) rose.

Seo Sang-young, a researcher at Kiwoom Securities, analyzed, "The domestic stock market started higher due to improved investor sentiment following the strong US stock market, but selling pressure emerged as news broke during the session that the number of COVID-19 deaths and confirmed cases in the US exceeded the highest levels." He evaluated, "However, unlike the previous day, the won's appreciation trend continued, and US overseas futures remained slightly weak, allowing the market to successfully rebound again."

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