KOSPI Breaks '2670 Level'... Sets New Intraday Record High Again

Published 02 Dec.2020 10:08(KST)

Updated 02 Dec.2020 10:17(KST)

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On the 2nd, the KOSPI index opened at 2645.88, up 11.63 points (0.44%) from the previous trading day, as employees were working in the dealing room of Hana Bank in Jung-gu, Seoul. On the same day, the USD-KRW exchange rate started trading at 1105.2 won, down 1.0 won from the previous day. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Park Jihwan] The KOSPI broke through the 2670 mark during the session, setting a new intraday record high for the second trading day in a row.

According to the Korea Exchange as of 9:53 a.m., the KOSPI was trading at 2667.10, up 32.85 points (1.25%) from the previous close. The KOSPI opened at 2645.88, up 11.63 points (0.44%) from the previous session, and continued its upward trend, surpassing the 2670 level during the session. The index once again broke the all-time intraday high of 2648.66 recorded on the 30th of last month.

By investor type, individuals and institutions sold net amounts of 128.1 billion KRW and 113.4 billion KRW, respectively. On the other hand, foreign investors bought a net amount of 253.3 billion KRW.

The rise in the KOSPI today was driven by gains in semiconductor stocks. Samsung Electronics and SK Hynix shares rose 2.36% and 6.47%, respectively. Among other large-cap stocks, LG Chem (4.33%) and Hyundai Motor (0.27%) were also on the rise. Conversely, Samsung Biologics (-1.13%) and NAVER (-0.70%) declined.

At the same time, the KOSDAQ was up 2.71 points (0.30%) to 894.00 compared to the previous trading day. Individuals bought a net 155.7 billion KRW, while foreigners and institutions sold net amounts of 43.7 billion KRW and 97.8 billion KRW, respectively.