KOSPI Recovers to 2190 Level... KOSDAQ Also Shows Upward Trend

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[Asia Economy Reporter Kum Boryeong] On the 17th, the KOSPI and KOSDAQ indices opened the market on an upward trend. The KOSPI index recovered to the 2190 level.

At 9:20 a.m. that day, the KOSPI index recorded 2193.43, up 9.67 points (0.44%) compared to the previous session.

The KOSPI opened at 2187.85, up 4.09 points (0.19%) from the previous trading day, maintaining its strong trend.

In the securities market, individuals and foreigners sold net amounts of 5.6 billion KRW and 25.5 billion KRW, respectively. Institutions bought net amounts of 38.8 billion KRW.

By sector, steel & metal (1.28%) and transportation equipment (1.64%) rose, while chemicals (0.55%) and non-metallic minerals (0.46%) declined.

Among the top 10 companies by market capitalization, Samsung Electronics (0.93%), SK Hynix (0.73%), NAVER (1.28%), and Kakao (1.09%) rose, while Samsung Biologics (1.5%) and LG Chem (2.29%) fell.

At the same time, the KOSDAQ was at 776.58, up 1.51 points (0.19%) from the previous day.

The KOSDAQ opened at 776.97, up 1.9 points (0.25%) compared to the previous trading day, continuing its upward trend.

In the KOSDAQ market, individuals bought net amounts of 14.8 billion KRW. Conversely, foreigners and institutions sold net amounts of 4.4 billion KRW and 6.6 billion KRW, respectively.

By sector, telecommunication services (0.27%) and semiconductors (1.37%) rose, while entertainment & culture (0.88%) and information devices (1.24%) declined.

Among the top market cap companies, Seegene (0.69%) and SK Materials (6.1%) rose. Conversely, Celltrion Healthcare (0.29%), HLB (0.66%), and EcoPro BM (1.29%) fell.

Seo Sangyoung, a researcher at Kiwoom Securities, explained, "Despite Netflix's subscriber increase of 21.3%, the announcement of disappointing earnings after the U.S. market close, followed by a 9% drop in after-hours trading, is a burden. Recently, although earnings have been favorable, large tech stocks have expanded volatility due to valuation pressures, and the decline after Netflix's earnings announcement may cause continued selling pressure on related stocks." He added, "After Netflix's earnings announcement, major U.S. tech stocks also fell about 1% in after-hours trading, which is expected to act as a burden on the Korean stock market."

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