KOSPI Quickly Recovers to 3000 as US Stock Market Rebounds... Gains Expand

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] The domestic stock market is showing strength from the start on the 10th. As the U.S. stock market, led by the Nasdaq, rebounded significantly, the KOSPI index, which fell the previous day, recovered the 3000 level immediately after the market opened, and the KOSDAQ also regained the 900 level.

The KOSPI index started trading at 2,980.76, up 4.64 points (0.16%) on the day. As of 9:10 a.m., it was at 3,008.32, up 31.18 points (1.05%) from the previous day. Individual investors are net buying about 89.5 billion KRW, while foreigners and institutions are net selling 35.9 billion KRW and 52.2 billion KRW, respectively.

The KOSDAQ also started at 90.19, up 3.83 points (1.46%), and at the same time was trading at 909.11, up 12.85 points (1.43%). Individuals are net selling 30.7 billion KRW, while institutions and foreigners are net selling 21.2 billion KRW and 7.7 billion KRW, respectively.

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