KOSPI Rises Over 2%... Recovers to 2320 Level

KOSDAQ Recovers Above 800
SK Hynix Rises Over 5%... Regains 2nd Place in Market Cap

On the 21st, KOSPI opened at 2,306.16, up 31.94 points (1.40%), with employees busy working in the dealing room of Hana Bank in Jung-gu, Seoul. KOSDAQ opened at 801.14, up 10.00 points (1.26%), and the won/dollar exchange rate opened at 1,184.5 won, down 2.4 won. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Minwoo Lee] The KOSPI index rebounded by more than 2%, recovering to the 2320 level after falling about 3.7% the previous day.

As of 1:20 PM on the 21st, the KOSPI recorded 2,321.42, up 2.10% from the previous day. After hitting a yearly high of 2,458.17 on the 14th, it fell for four consecutive days to 2,274.22 before rebounding.

Foreign and institutional investors showed strong buying momentum. Foreigners purchased 175.7 billion KRW, institutions bought 39.8 billion KRW, while individuals sold a net 174 billion KRW.

SK Hynix, which had recently slipped to third place in market capitalization due to sluggish stock prices, rebounded to reclaim second place. As of 1:20 PM, it rose 5.1% to 75,500 KRW. At the same time, Samsung Electronics, ranked first in market capitalization, traded at 56,900 KRW, up 2.7% from the previous day.

The KOSDAQ, which had been stagnant, also showed signs of recovery. At the same time, it rose 1.26% to 801.07. After opening at 801.14, it dropped to 781.41 around 9:45 AM but gradually recovered to surpass the 800 mark again around 12:37 PM.

Buying momentum continued across all investor groups, including foreigners, individuals, and institutions, with net purchases of 18.5 billion KRW, 11 billion KRW, and 14.6 billion KRW respectively.

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