KOSPI Closes Above 2500 Level for the First Time in 2 Years and 10 Months

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 16th, the KOSPI closed above the 2500 mark for the first time in 2 years and 10 months, supported by net buying from foreign investors.

On that day, the KOSPI closed at 2543.03, up 1.97% (49.16 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. This is the first time since February 1, 2018 (2568.54) that the KOSPI has closed above 2500.

The rise in the KOSPI market was led by foreigners. Foreign investors net purchased stocks worth 464.3 billion KRW, while individuals and institutions net sold 162.2 billion KRW and 275 billion KRW respectively. Among the top market capitalization stocks, semiconductor companies such as Samsung Electronics (4.91%) and SK Hynix (9.25%) showed strong performance.

The KOSDAQ also showed an upward trend. The KOSDAQ closed at 847.33, up 0.98% (8.19 points) from 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 purchased 112.4 billion KRW and 103.2 billion KRW respectively. Individuals net sold 186.2 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare closed at 94,500 KRW, up 0.75% from the previous trading day. Seegene (2.93%) and HL Biopharma (0.86%) also rose.

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