KOSPI and KOSDAQ Maintain Upward Trend in Afternoon Session... Foreign and Institutional Investors Buy Together

[Asia Economy Reporter Oh Ju-yeon] Influenced by the strong performance of the U.S. stock market during the recent holiday, the KOSPI, which started higher on the 12th, continued its upward trend in the afternoon supported by simultaneous buying from foreigners and institutions. In the KOSDAQ market, individual investors led the index increase.

As of 1:20 PM that day, the KOSPI recorded 2402.90, up 0.46% from the previous trading day. By investor type, individuals sold a net 160.5 billion KRW, while foreigners and institutions bought 73.4 billion KRW and 81.7 billion KRW respectively.

Among the top market capitalization stocks, Samsung Electronics (1.10%), SK Hynix (2.90%), Samsung Biologics (0.56%), Celltrion (3.24%), and LG Household & Health Care (2.92%) rose, while NAVER (-1.66%), Hyundai Motor (-0.83%), and Kakao (-1.32%) declined.

Meanwhile, LG Chem, which announced a third-quarter 'earnings surprise' that day, traded at 680,000 KRW, down 1.73% from the previous trading day.

LG Chem disclosed preliminary third-quarter consolidated results with sales of 7.5073 trillion KRW and operating profit of 902.1 billion KRW. Compared to the same period last year, sales increased by 8.8% and operating profit surged by 158.7%.

The KOSDAQ index recorded 872.52, up 0.10% from the previous trading day. Individuals led the index by net buying 235.8 billion KRW, while foreigners and institutions sold net 68.1 billion KRW and 152.6 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare (1.54%), HL Biopharma (0.31%), Celltrion Pharm (1.67%), Genexine (0.61%), and CJ ENM (4.08%) rose, while Seegene (-2.36%) and Alteogen (-0.94%) declined.

Seo Sang-young, a researcher at Kiwoom Securities, analyzed, "The domestic stock market started higher influenced by the strong U.S. stock market during the holiday. In particular, the news that the number of airline passengers and tourists in China surged significantly during China's Golden Week holiday was also a positive factor."

Researcher Seo explained, "Although the controversy over additional U.S. stimulus measures continued, causing some retracement of gains, the Chinese stock market surged again today following last Friday, showing changes such as expanded gains amid improved investor sentiment."

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