KOSPI Rises on Foreigners' Net Buying... Above 2300 Level

[Asia Economy Reporter Minji Lee] The KOSPI is on the rise, supported by net buying from foreign investors.

At 9:19 a.m. on the 24th, the KOSPI stood at 2308.76, up 4.17 points (0.18%) from the previous session. The KOSPI opened the day at 2309.38, up 0.21% (4.79 points) from the previous session. In the KOSPI market, foreigners purchased stocks worth 58.7 billion KRW, while individuals and institutions sold stocks worth 66.5 billion KRW and 38.1 billion KRW, respectively.

Most of the top market capitalization stocks are showing upward trends. Samsung Electronics (0.54%), SK Hynix (2.42%), Samsung Biologics (1.63%), Naver (0.64%), LG Chem (0.43%), Celltrion (0.66%), and Hyundai Motor (0.64%) are maintaining their gains.

Sangyoung Seo, a researcher at Kiwoom Securities, explained, "With the start of the U.S. presidential race, the spread of COVID-19 domestically, and uncertainties arising from major countries' economic indicators, volatility is expected to increase."

The KOSDAQ index is at 797.86, up 0.23% (1.85 points) from the previous session. On the day, the KOSDAQ index is at 798.20, up 0.28% (2.19 points) from the previous session. In the KOSDAQ market, foreigners bought stocks worth 45 billion KRW, while individuals and institutions sold stocks worth 31 billion KRW and 5 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (0.50%), Seegene (4.64%), Alteogen (2.99%), HL Biopharma (0.34%), Celltrion Pharm (0.55%), Genexine (4.47%), KMW (1.92%), and SK Materials (1.58%) are showing upward trends.

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