"Thank You Biden" KOSPI and KOSDAQ Start with 1% Gains

Samsung SDI and Other Secondary Battery Stocks Rise Over 3%

[Asia Economy Reporter Minji Lee] As Joe Biden, the Democratic candidate, has been confirmed elected in the U.S. presidential election, the domestic stock market is showing an upward trend.

At 9:16 a.m. on the 9th, the KOSPI was at 2437.98, up 0.89% (21.48 points) from the previous session. The index opened at 2438.63, up 0.92% (22.13 points) from the previous session. Looking at investor trends, foreigners and individuals are leading the index rise. Foreigners and individuals bought stocks worth 36.8 billion KRW and 185 million KRW, respectively. Institutions alone sold stocks worth 35.3 billion KRW.

Among the top market capitalization stocks, Samsung Electronics traded at 60,500 KRW, up 0.67% from the previous session. SK Hynix (0.70%), LG Chem (2.50%), Naver (0.17%), Celltrion (2.16%), Hyundai Motor (0.88%), and Samsung SDI (4.21%) also rose.

At the same time, the KOSDAQ index was at 845.63, up 1.06% (8.85 points) from the previous session. The index opened at 845.81, up 1.08% (9.03 points) from the previous session. Looking at investor trends, foreigners bought stocks worth 10.8 billion KRW, while individuals and institutions sold stocks worth 2.3 billion KRW and 5.4 billion KRW, respectively.

Most of the top market capitalization stocks showed an upward trend. Celltrion Healthcare traded at 92,400 KRW, up 0.98% from the previous session. Seegene (1.27%), HL Biopharma (0.65%), Alteogen (1.56%), and Celltrion Pharm (1.05%) also rose.

Seonghoon Seo, a researcher at Samsung Securities, said, “Since the market has continued a five-day consecutive rally recently, a short-term profit-taking process may occur. However, as foreign buying is expected to flow in, it is necessary to pay attention to large-cap stocks.”

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