Domestic Stock Market Starts with Gains... KOSPI Fluctuates Around '2330 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 29th, the domestic stock market started with a simultaneous upward trend. It is interpreted that the expectation of expanded global liquidity from the new US stimulus package had a positive impact on the domestic stock market.

On that day, the KOSPI showed 2,327.76 points at 9:17 a.m., up 0.85% (19.68 points) from the previous day. The KOSPI started at 2,331.51, up 23.43 points (1.02%) from the previous session. Since then, the index has been fluctuating around the 2,330 level.

It appears to reflect the significant rise influenced by optimistic prospects for new stimulus package negotiations in the New York stock market overnight. Seo Sangyoung, a researcher at Kiwoom Securities, said, "The fact that the US stock market saw a rebound buying trend spreading to peripheral sectors such as banks, steel, and energy, which had sharply fallen last week after large tech stocks, is expected to have a positive effect on investor sentiment in the Korean stock market."

In the KOSPI market, individuals and institutions net bought 47.3 billion KRW and 11.7 billion KRW, respectively. Foreigners net sold 50.3 billion KRW.

All of the top 10 market capitalization stocks rose. Samsung Electronics (0.34%), SK Hynix (0.61%), NAVER (0.50%), LG Chem (3.83%) showed upward trends.

The KOSDAQ market also showed an upward trend. At the same time, the KOSDAQ was at 842.23, up 6.32 points (0.76%). The index started at 844.69, up 8.78 points (1.05%) from the previous day.

In the KOSDAQ market, individual buying was prominent. Individuals net bought 87.7 billion KRW, while foreigners and institutions net sold 71.9 billion KRW and 16.2 billion KRW, respectively.

Among the top market capitalization stocks in KOSDAQ, fluctuations were mixed. Celltrion Healthcare (-0.57%) and Seegene (-0.20%) fell. HL Biopharma (0.39%) and Kakao Games (4.88%) rose.

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