Early Session Uptrend... KOSPI Recovers to 2300

KOSDAQ Nears Recovery Above 800... Strong Buying by Individuals and Foreigners

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[Asia Economy Reporter Minwoo Lee] The KOSPI, which had plunged about 3.7% the previous day, rebounded early in the session and recovered to the 2300 level.

According to the Korea Exchange on the 21st, the KOSPI index opened at 2306.16, up 1.40% (31.94 points) from the previous day. As of 9:20 a.m., it maintained the 2300 level at 2306.48, up 1.42% from the previous close.

The buying momentum from individuals and foreigners appears to have driven the index. On the day, individuals and foreigners net purchased 76.3 billion KRW and 8.1 billion KRW respectively. Meanwhile, institutions net sold 86.4 billion KRW.

All sectors showed gains. The insurance sector had the largest increase at 2.26%, followed by electrical and electronics (1.96%), chemicals (1.91%), and transportation equipment (1.54%).

Most of the top 10 market capitalization stocks were also on the rise. LG Chem rose the most sharply by 3.3%, followed by NAVER (2.6%), Hyundai Motor (2.5%), LG Household & Health Care (2.4%), SK Hynix (2.3%), and Samsung Electronics (1.8%). In contrast, Celltrion fell by 0.6%.

The KOSDAQ index also rebounded. It opened at 801.14, up 1.26% (10.00 points) from the previous day. It then slightly declined to 796.02 as of 9:20 a.m.

The buying momentum of foreigners was effective. Foreigners net purchased 248.5 billion KRW, while individuals and institutions net sold 130 billion KRW and 141.1 billion KRW respectively.

Almost all sectors rose. The telecommunications services sector had the largest increase at 1.98%, followed by non-metallic minerals (1.80%), telecommunications and broadcasting services (1.70%), and other manufacturing (1.42%). However, the pharmaceutical sector fell by 0.53%.

Most of the top 10 market capitalization stocks were on the rise. SK Materials rose the most sharply by 2.6%, followed by EcoPro BM (1.7%), KMH (1.6%), and CJ ENM (1.5%). In contrast, pharmaceutical and bio sectors such as Seegene (-3.3%), Celltrion Pharm (-1.5%), and Genexine (-0.7%) declined.

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