KOSPI Maintains Over 1% Rise... Climbs to 2740 Level

[Asia Economy Reporter Oh Ju-yeon] The domestic stock market continues its upward trend into the afternoon of the 9th. Foreign investors, who had realized profits by selling stocks worth 850 billion KRW the previous day, led the index rebound by net buying together with institutions.

As of 1:45 PM, the KOSPI recorded 2,742.68, up 1.55% from the previous trading day. Although the KOSPI closed just above the 2,700 mark with a 1.6% decline the previous day, it turned to an increase on this day due to expectations of an additional US stimulus package agreement and optimism following the COVID-19 vaccination rollout in the UK.

Seo Sang-young, a researcher at Kiwoom Securities, said, "It is estimated that the active net buying by foreigners in some large-cap stocks such as chemicals, after expanding their selling pressure the previous day, had a positive impact on investor sentiment," adding, "The overall strength of Asian markets, excluding the Chinese market which faces heightened US-China friction concerns, was also favorable."

Among the top market capitalization stocks, Samsung Electronics (2.23%), SK Hynix (3.91%), LG Chem (1.97%), and Celltrion (1.14%) rose, while Samsung Biologics (-0.48%) and Kakao (-0.13%) declined.

The KOSDAQ index also rose 0.82% from the previous trading day to 914.27.

In the KOSDAQ market, individuals and foreigners purchased stocks worth 73.5 billion KRW and 27.4 billion KRW respectively, while institutions net sold stocks worth 41.6 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare (4.75%), Celltrion Pharm (3.52%), HL Biopharma (0.31%), and Alteogen (0.59%) rose, while Seegene (4.21%) and Kakao Games (-0.31%) declined.

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