KOSPI Turns to Uptrend in the Afternoon... KOSDAQ Rises by Over 1%

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices turned to an upward trend in the afternoon.

At 1:38 PM on the 7th, the KOSPI was at 2737.43, up 0.22% (5.98 points) from the previous trading day. The index started the day at 2738.11, up 0.24% (6.66 points) from the previous day, showed a downward trend for a while, but has been increasing again in the afternoon.

On the 7th, dealers are working in the dealing room of Hana Bank in Euljiro, Seoul, where the KOSPI index started on an upward trend. On that day, the KOSPI opened at 2,738.11, up 6.66 points (0.24%) from the previous trading day. Photo by Moon Honam munonam@

In the market, foreigners and institutions continued their net selling trend as in the morning. Foreigners and institutions sold stocks worth 191.7 billion KRW and 813.7 billion KRW, respectively. Individuals alone bought stocks worth nearly 1 trillion KRW, totaling 987.4 billion KRW.

Among the top market capitalization stocks, Samsung Electronics recorded 72,900 KRW, up 1.96% from the previous trading day. SK Hynix also rose 3.5% to 119,000 KRW. Additionally, Samsung Biologics (1.82%) and Celltrion (4.74%) also increased.

The KOSDAQ index at the same time recorded 922.71, up 0.98% (8.95 points) from the previous day. The index started at 914.15, up 0.04% (0.39 points) from the previous day, showed a downward trend for a while, but turned to an upward trend in the afternoon as foreigners switched to net buying. In the market, foreigners and individuals bought stocks worth 35.5 billion KRW and 46.1 billion KRW, respectively, while institutions sold stocks worth 57.1 billion KRW.

On the KOSDAQ market that day, Celltrion Healthcare recorded 164,000 KRW, up 9.55% from the previous session. Others such as HL Biopharma (9.76%), Seegene (3.92%), Alteogen (4.18%), and Genexine (1.46%) also rose.

Sangyoung Seo, a researcher at Kiwoom Securities, said, “In the domestic stock market today, semiconductor-related stocks led the strong performance thanks to a sharp rise in the semiconductor sector, but except for these, all other sectors showed sluggish performance,” adding, “The decline narrowed as China’s November exports increased compared to the previous year.”

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