KOSPI Rises Over 1.9%... Breaks Through '2540 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] The KOSPI showed a strong gain of around 1.9% during the session on the 16th, supported by net buying from foreign investors.

As of 2 p.m. that day, the KOSPI stood at 2541.98, up 1.93% (48.11 points) from the previous trading day. The index opened at 2507.46, up 0.54% (13.59 points) from the previous day, and extended its gains. The KOSPI surpassing the 2500 level is the first time in about two and a half years since May 3, 2018 (intraday high of 2507.91).

In the KOSPI market, foreign investors led the index rise with net buying. Foreigners purchased stocks worth 286.7 billion KRW. Meanwhile, individuals and institutions net sold stocks worth 173.4 billion KRW and 88.9 billion KRW, respectively.

Among the top market capitalization stocks, semiconductor sector shares such as Samsung Electronics (4.43%) and SK Hynix (8.58%) showed strong performance.

At the same time, the KOSDAQ also maintained an upward trend. The KOSDAQ rose 0.83% (6.97 points) to 846.11 compared to the previous trading day. The index opened at 843.49, up 0.52% (4.35 points) from the previous session.

By investor type, foreigners and institutions net bought stocks worth 82.8 billion KRW and 86.7 billion KRW, respectively. Individuals net sold stocks worth 143.6 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare traded at 94,400 KRW, up 0.64% from the previous session. Seegene (3.07%) and HLB (1.18%) also rose.

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