KOSPI Closes Up 1.66% on Foreign and Institutional Buying... KOSDAQ Also Rises

[Asia Economy Reporter Oh Juyoun] On the 1st, the domestic stock market closed higher due to a rebound buying spree following the sharp decline the previous day.

On this day, the KOSPI closed at 2634.25, up 1.66% from the previous trading day. On the 30th of last month, the KOSPI closed with a sharp drop of over 1.6% due to record-breaking selling by foreigners, but the market turned upward the next day as rebound buying immediately flowed in.

In the KOSPI market, individuals net sold stocks worth 343 billion KRW, while foreigners and institutions net bought stocks worth 72.8 billion KRW and 267.5 billion KRW, respectively.

Among the top market capitalization stocks, all 10 stocks closed higher. Samsung Electronics rose 1.65%, SK Hynix increased by 3.08%, and LG Chem went up 1.13%. Samsung Biologics (0.89%) and NAVER (2.88%) also closed higher.

The KOSDAQ index also rose on the day. The KOSDAQ index closed at 891.29, up 0.58% from the previous trading day.

Individuals and foreigners purchased stocks worth 167.8 billion KRW and 2.3 billion KRW, respectively, while institutions net sold stocks worth 137.3 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare (3.19%), Celltrion Pharm (2.38%), and Seegene (1.92%) rose, while Kakao Games (-1.11%) declined.

Lee Kyungmin, a researcher at Daishin Securities, said, "Large-cap semiconductor, internet, and software stocks such as Samsung Electronics and NAVER led the upward trend," adding, "The positive economic indicators released for Korea and China on this day were positive for investor sentiment, raising expectations for future economic and trade recovery."

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