Highest Levels Since Mid-June 2018... Rising Trend in Large-Cap Stocks Including Samsung Electronics and LG Chem

On the 11th, when the KOSPI index surpassed the 2,400 mark for the first time in 2 years and 2 months, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

On the 11th, when the KOSPI index surpassed the 2,400 mark for the first time in 2 years and 2 months, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

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[Asia Economy Reporter Minwoo Lee] As of 10:40 AM on the 11th, the KOSPI index rose 1.31% from the previous day to 2,417.63. This is the highest level since June 15, 2018.


The index appears to have been driven by simultaneous buying by foreigners and individuals. At the same time in the KOSPI market, foreigners and individuals net purchased 74 billion KRW and 32 billion KRW respectively. On the other hand, institutions net sold 102.2 billion KRW.


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Top market capitalization stocks also showed broad gains. Samsung Electronics, ranked first, rose 2% to 59,000 KRW. Samsung Biologics, ranked third by market cap, rose 4.9% to 809,000 KRW, and LG Chem, ranked fourth, rose 2.5% to 738,000 KRW.


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