KOSPI Rises Over 1% on Expectations for Korean-Style 'New Deal'... Foreign and Institutional Investors Buy Together

On the 15th, the KOSPI index opened at 2210.89, up 26.80 points (1.23%) from the previous trading day (2176.43). Dealers are busy at work in the Hana Bank dealing room in Jung-gu, Seoul. In the foreign exchange market, the won-dollar exchange rate opened at 1203.0 won, down 2.7 won from the previous trading day (1204.6 won). Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Park Jihwan] The KOSPI recorded a rise of over 1% due to simultaneous buying by foreigners and institutions amid expectations for the Korean New Deal.

On the 15th, the KOSPI market rose more than 1% on expectations of economic stimulus from the Korean New Deal, recovering the 2200 level. This is interpreted as a result of heightened expectations for economic stimulus following President Moon Jae-in's announcement of the 'Korean New Deal' policy, which involves a total investment of 160 trillion won by 2025.

According to the Korea Exchange as of 9:29 AM, the KOSPI market recorded 2211.30, up 1.27% (27.69 points) compared to the previous trading day. Although it closed slightly lower around the 2180 level the day before, it surged early in the session and surpassed the 2200 mark.

By investor type, foreigners and institutions bought 141.2 billion won and 240.8 billion won respectively. On the other hand, individuals sold 381.4 billion won.

By sector, most are showing an upward trend. Transportation equipment is rising more than 5%, while steel & metals (3.22%) and construction (2.16%) are also increasing.

The KOSDAQ market showed a slight decline, standing at the 770 level. It currently recorded 777.96, down 0.43 points (0.06%) compared to the previous day.

Looking at the supply and demand situation, individual investors and institutions bought net amounts of 41.4 billion won and 5.9 billion won respectively. Meanwhile, foreigners sold 46.4 billion won worth.

By sector, telecommunications services (0.61%), broadcasting services (0.60%), telecommunications equipment (2.10%), and IT components (0.60%) are on the rise.

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