Despite Volatility, KOSPI Closes Up at 2360 Level... KOSDAQ Rises Over 1%

Foreigners and Institutions Sell vs Individuals Net Buy of 333.4 Billion KRW
KOSDAQ Index Rises 1.57% Showing Strength

[Asia Economy Reporter Oh Ju-yeon] The KOSPI showed volatility with fluctuations during the session due to selling by foreigners and institutions, but closed higher at the 2360 level thanks to net buying by individuals. The KOSDAQ index rose strongly, gaining more than 1%.

According to the Korea Exchange on the 2nd, the KOSPI closed at 2364.37, up 0.63% (14.82 points) from the previous trading day.

By investor type, individuals were net buyers with 333.4 billion KRW, while foreigners and institutions sold 262 billion KRW and 91.1 billion KRW respectively.

By sector, textiles and apparel (2.06%), paper and wood (3.63%), and machinery (1.74%) rose, while food and beverages (-0.19%) and transportation equipment (-1.37%) declined.

Among the top market capitalization stocks, Samsung Electronics (0.18%), NAVER (1.23%), and Celltrion (0.17%) rose, while SK Hynix (-0.27%), LG Chem (-1.35%), and Samsung Biologics (-2.05%) fell.

The KOSDAQ index closed at 866.74, up 1.57% (13.37 points) from the previous trading day.

By investor type, individuals were net sellers with 170.9 billion KRW, while foreigners and institutions were net buyers with 150.2 billion KRW and 41.5 billion KRW respectively.

By sector, most sectors rose including manufacturing (1.23%), transportation (1.09%), IT hardware (2.27%), and pharmaceuticals (0.87%). The publishing sector closed down 0.39%.

Among the top market capitalization stocks, Alteogen (8.94%), HL Biopharma (9.41%), including Celltrion Healthcare (0.40%), rose significantly, while Seegene (-1.57%) and EcoPro BM (-0.78%) declined.

Researcher Lee Kyung-min of Daishin Securities analyzed, "Despite the U.S. stock market hitting record highs, the KOSPI fluctuated around the 2350 level, reacting sensitively to foreign trading patterns," adding, "The relative attractiveness has decreased due to the domestic COVID-19 resurgence." He further explained, "The foreign exchange market trend also reflects the attractiveness of the Korean financial market. Unlike the current strength of the yuan, the Korean won continues to weaken, showing a weaker trend than the dollar's weakness."

Lee said, "After the extension of the short-selling ban, foreign investors are more likely to focus their investments on sectors and stocks with clear momentum rather than broad market investments. One of those choices is likely the internet sector, so it is important to focus on foreign trading patterns amid the unstable KOSPI fluctuations."

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