KOSPI Closes Higher on Net Buying by Foreign and Individual Investors

Sharp Rise in Aviation and Leisure Stocks, Major Tech Stocks Plunge

[Asia Economy Reporter Minji Lee] The KOSPI closed slightly higher due to net buying by foreigners and individuals. Meanwhile, the KOSDAQ index closed down by over 1%.

On the 10th, the KOSPI ended the session at 2,452.83, up 0.23% (5.63 points) from the previous close. The index opened at 2,453.95, up 0.28% (6.75 points) from the previous close, fluctuating throughout the session without finding a clear direction. However, it turned upward in the afternoon as foreigners switched to net buying, closing higher. On the day, individuals and foreigners bought stocks worth 187.9 billion KRW and 156.6 billion KRW respectively, while institutions sold stocks worth 328.4 billion KRW alone.

On the 10th, at the Hana Bank dealing room in Euljiro, Seoul, a dealer's monitor displayed news related to Pfizer's COVID-19 vaccine. On that day, the KOSPI opened at 2,453.95, up 6.75 points (0.28%) from the previous trading day. The won-dollar exchange rate opened at 1,118.5 won, up 4.6 won. Photo by Moon Honam munonam@

In the KOSPI market, news of positive clinical results for the Pfizer-BioNTech COVID-19 vaccine led to a sharp rise in airline and leisure-related companies that were hit hard by the pandemic. Jin Air closed at 10,050 KRW, up 11.54% from the previous session. Other companies such as Korean Air (11.24%), T'way Air (10%), Hana Tour (9.17%), Hotel Shilla (5.81%), and Kangwon Land (3.72%) also rose.

Untact-related companies included in the top market capitalization stocks showed a sharp decline. On the day, Naver and Kakao fell 5.03% and 4.17%, respectively. Additionally, Samsung Electronics, the market cap leader, remained unchanged at 60,200 KRW, while SK Hynix rose 0.58% to 86,500 KRW from the previous close.

The KOSDAQ index closed at 840.79, down 1.22% (10.42 points) from the previous close. The index started at 844.22, down 0.82% from the previous close, and continued to widen its losses throughout the session. Looking at investor trends, individuals bought stocks worth 308.6 billion KRW, while foreigners and institutions sold stocks worth 185.0 billion KRW and 168.8 billion KRW, respectively.

Most stocks in the KOSDAQ market closed lower. Celltrion Healthcare (-2.17%), Seegene (-8.94%), HL Biopharma (-1.17%), Alteogen (-5.39%), Celltrion Pharm (-2.60%), and Kakao Games (-2.20%) all declined from the previous session.

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