KOSPI Recovers to 3020 Level with Over 2% Rise as Institutions and Foreigners Buy Together...Individuals Sell Over 1 Trillion Won

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 11th, the KOSPI continued its upward trend, supported by simultaneous buying by institutions and foreigners influenced by the resolution of the US stimulus package and stable interest rates.

As of 2:39 PM, the KOSPI was trading at 3,021.23, up 63.11 points (2.13%) from the previous trading day. The market was positively influenced by the US House of Representatives' approval of a $1.9 trillion (approximately 2,100 trillion KRW) stimulus package, which boosted investor sentiment.

The US Treasury yields, which had recently been the biggest negative factor for the stock market, supported investor sentiment as no concerning issues arose during the previous 10-year bond auction. Currently, the 10-year US Treasury yield remains in the low 1.5% range.

In the KOSPI, foreigners and institutions net purchased stocks worth 721.9 billion KRW and 505.7 billion KRW, respectively. On the other hand, individuals net sold stocks worth 1.2127 trillion KRW.

All of the top 10 market capitalization stocks rose. Samsung Electronics and SK Hynix increased by 1.48% and 3.38%, respectively. LG Chem rose 5.72%, and Naver increased by 0.67%.

The KOSDAQ also rose, trading at 905.71, up 15.64 points (1.76%) from the previous day.

Foreigners were the sole net buyers with 141.6 billion KRW. Meanwhile, individuals and institutions were net sellers of 100.1 billion KRW and 29.8 billion KRW, respectively.

Among the top 10 market capitalization stocks in KOSDAQ, performance was mixed. Celltrion Healthcare (4.05%) and Celltrion Pharm (3.05%) rose. HL Biopharma (-0.98%), Seegene (-3.98%), and Alteogen (-0.57%) declined.

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