KOSPI Rebounds... Closes Above 2300 Driven by Foreign Buyers

KOSDAQ Fails to Reach 800... Closes Slightly Higher

Photo by Getty Images Bank

[Asia Economy Reporter Minwoo Lee] The KOSPI, which had fallen sharply to the 2200s the previous day, recovered to the 2300s in just one day. Foreign investors' buying momentum drove the index.

On the 21st, the KOSPI closed at 2304.59, up 1.34% (30.37 points) from the previous day. It halted a five-day losing streak since the 13th and climbed back into the 2300 range.

Foreign investors led the buying momentum. Foreigners net purchased 196.5 billion KRW, while individuals and institutions net sold 138.1 billion KRW and 31 billion KRW, respectively.

Almost all sectors rose. The machinery sector saw the largest increase at 3.27%. This was followed by telecommunications (2.91%), textiles and apparel (2.46%), and chemicals (2.38%). On the other hand, pharmaceuticals (-0.67%) and food and beverages (-0.63%) declined.

Top market capitalization stocks also showed an upward trend. LG Chem recorded the highest gain at 4.8%. This was followed by LG Household & Health Care (4.2%), SK Hynix (3.7%), NAVER (2.2%), Samsung SDI (2.1%), Kakao (1.5%), Samsung Electronics (0.9%), and Hyundai Motor (0.6%). Celltrion was the only stock to fall, down 1.3%.

The KOSDAQ also closed higher at 796.05, up 0.63% (4.91 points) from the previous day. Although it opened above 800, it failed to maintain the recovery and remained in the 700 range.

In the KOSDAQ market, foreign and institutional investors showed strong buying momentum, net purchasing 17 billion KRW and 32.4 billion KRW, respectively. Conversely, individuals sold 3.8 billion KRW.

Most sectors rose. The construction sector increased the most at 3.23%. This was followed by other manufacturing (2.80%), chemicals (1.97%), telecommunication services (1.94%), non-metallic minerals (1.85%), and IT components (1.77%). Meanwhile, pharmaceuticals fell 1.33%. Additionally, textiles and apparel (-0.61%), information devices (-0.46%), and publishing and media replication (-0.09%) declined.

Almost all of the top 10 market capitalization stocks rose. SK Materials had the largest gain at 4.9%, followed by EcoPro BM (3.6%) and Genexine (3.5%). On the other hand, Seegene (-4.0%) and Celltrion Pharm (-2.0%) declined.

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