KOSPI 2400 Led by Foreign and Institutional Investors, KOSDAQ Driven by Individuals... Both Close Higher

KOSPI Closes Up at 2403.73... Foreigners and Institutions Buy

[Asia Economy Reporter Oh Ju-yeon] On the 12th, the domestic stock market closed higher. In the KOSPI market, foreigners and institutions pushed the index above the 2400 level, while in the KOSDAQ market, individuals were the sole net buyers, leading the KOSDAQ index to close higher above the 870 level.

This is analyzed to be due to strengthened risk asset preference sentiment amid expectations for additional U.S. economic stimulus measures and strong earnings from domestic companies.

On the 12th, the KOSPI index and the won-dollar exchange rate were displayed on the electronic board in the dealing room of Hana Bank in Euljiro, Seoul. On that day, the KOSPI opened at 2,404.18, up 12.22 points (0.51%) from the previous trading day. The won-dollar exchange rate opened at 1,150.0 won, down 3.3 won. Photo by Moon Honam munonam@

On that day, the KOSPI closed at 2403.73, up 0.49% from the previous trading day. Although the intraday gains weakened and the index briefly fell below 2400, it regained momentum thanks to net buying by foreigners and institutions.

By investor type, individuals were net sellers of 234.3 billion KRW in the KOSPI market, while foreigners and institutions were net buyers of 138.5 billion KRW and 84 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics (1.17%), SK Hynix (3.14%), Samsung Biologics (0.56%), and Celltrion (4.39%) rose, while NAVER (-2.99%) and LG Chem (-2.89%) declined.

In the KOSDAQ market, the index maintained the 870 level thanks to individual buying. Individuals purchased 202.2 billion KRW worth of stocks in the KOSDAQ market. In contrast, foreigners and institutions sold 25.9 billion KRW and 153.9 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (1.76%), HL Biopharma (0.20%), Celltrion Pharm (2.54%), and Genexine (5.13%) rose, while Seegene (-4.01%), Alteogen (-0.61%), and Kakao Games (-7.36%) declined.

As the stock market shows volatility amid negotiations over additional U.S. economic stimulus measures, it is analyzed that related issues require continuous attention.

Seo Sang-young, a researcher at Kiwoom Securities, said, "Nancy Pelosi, Speaker of the House from the U.S. Democratic Party, negatively mentioned that the $1.8 trillion stimulus package proposed by President Donald Trump has hit a deadlock, while Larry Kudlow, Chairman of the White House National Economic Council (NEC), announced that the White House could propose a larger stimulus package than the $2.2 trillion package proposed by the Democrats, so expectations remain high." He added, "If related details are presented today, the possibility of approval from the Democrats could increase, so it is necessary to pay attention."

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