Did the 'Pigeon' Powell's Market Soothing Work?…KOSPI Rises Over 3%

Net Buying by Foreigners and Institutions, Individual Investors Net Sell of 1.33 Trillion Won
Shift from Interest Rate Issues to Economic Normalization Issues?

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI is showing an intraday rise of around 2.7%. This positive movement is analyzed to be influenced by the previous day’s U.S. stock market, where Federal Reserve (Fed) Chair Powell mentioned maintaining an accommodative monetary policy for an extended period and expectations for additional stimulus measures.

As of 1:50 PM on the 25th, the KOSPI stood at 3,081.83, up 2.9% (86.85 points) compared to the previous trading day. The index opened at 3,026.47, up 1.05% (31.49 points) from the previous day, and has been increasing its gains. Looking at investor trends, foreigners and institutions have increased their net purchases. Foreigners bought stocks worth 746.2 billion KRW, and institutions purchased 582 billion KRW worth of stocks. Individuals sold stocks worth 1.3392 trillion KRW alone.

Among the top market capitalization stocks, Samsung Electronics recorded a 3.54% increase from the previous day, reaching 84,900 KRW. SK Hynix (7.72%), NAVER (1.4%), LG Chem (2.2%), Hyundai Motor (2.5%), Samsung Biologics (2.3%), and Celltrion (6.4%) also maintained upward trends.

The KOSDAQ index at the same time was at 929.88, up 2.6% (23.57 points) from the previous trading day. The index started the day at 910.15, up 0.42% (3.84 points) from the previous day, and has been increasing its gains. Regarding investor trends, foreigners, who had maintained net selling earlier, switched to net buying by purchasing stocks worth 43.4 billion KRW. Individuals and institutions sold stocks worth 12.4 billion KRW and 11.5 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (5.5%), Celltrion Pharm (6.8%), Kakao Games (3.7%), and Alteogen (10.3%) rose.

Seosangyoung, a researcher at Kiwoom Securities, explained, “Following the U.S. stock market, infrastructure investment stocks and financial stocks are leading the rise in domestic and Chinese markets,” adding, “This reflects a trend shifting from interest rate issues to economic normalization issues.”

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