US Stock Market Tailwind and Individual Net Buying Power... KOSPI and KOSDAQ on the Rise
[Asia Economy Reporter Lee Seon-ae] The domestic stock market opened higher, buoyed by positive momentum from the US stock market and net buying by individual investors.
As of 9:13 AM on the 3rd, the KOSPI index stood at 3,122.45, up 25.64 points (0.83%). Individuals are net buyers with 234.5 billion KRW, while foreigners and institutions are net sellers with 67.2 billion KRW and 173.7 billion KRW respectively.
Most sectors are on the rise. Transportation equipment (+2.31%), electric and gas utilities (+0.62%), and services (+0.54%) are showing strong performance.
The KOSDAQ index is at 968.11, up 4.30 points (0.45%). Individuals are net buyers with 166.5 billion KRW, while foreigners and institutions are net sellers with 71.5 billion KRW and 62.6 billion KRW respectively.
By sector, IT components (+0.68%), general electric and electronics (+0.57%), and telecommunications equipment (+0.32%) are showing strength.
The major indices on the New York Stock Exchange showed gains as the overheating caused by the rise of GameStop began to subside.
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On the 2nd (local time) at the New York Stock Exchange, the Dow Jones Industrial Average closed at 30,687.48, up 1.57% from the previous session. The Standard & Poor's (S&P) 500 index closed at 3,826.31, up 1.39%, and the tech-heavy Nasdaq index closed at 13,612.78, up 1.56%.
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