KOSPI Rises on US Stock Market Optimism... Foreigners Net Buyers for Four Consecutive Days

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] The domestic stock market is on the rise in the early session, influenced by the positive momentum from the U.S. stock market. In particular, foreign investors have been leading the market with net buying for four consecutive trading days.

On the 6th, as of 9:17 a.m., the KOSPI stood at 3,134.02, up 0.42% (13.19 points) compared to the previous trading day. The market opened at 3,123.80, up 0.10% from the previous day.

By investor type, foreign investors are leading the index with net purchases of 170.9 billion KRW. They have maintained a 'buy' streak for four consecutive trading days. Individual investors also supported the market with net buying in the early session but soon switched to net selling. Institutional investors are net sellers with 113.7 billion KRW.

Among the top 10 stocks by market capitalization, performance was mixed. Kakao showed the largest gain with a 4.98% increase. NAVER (3.32%), SK Hynix (1.40%), Samsung Electronics (0.59%), and Kia (0.12%) followed. Hyundai Motor (-0.85%), Samsung Biologics (-0.40%), and Celltrion (-1.30%) declined.

At the same time, the KOSDAQ index was down 0.05% (0.51 points) at 969.26 compared to the previous trading day. The index opened at 971.11, up 0.14% (1.34 points) from the previous day, but then turned downward.

On the KOSDAQ, individual investors were the sole net buyers with 61.7 billion KRW. Foreign and institutional investors were net sellers of 53.5 billion KRW and 3.1 billion KRW, respectively.

Among the top market cap stocks, Celltrion Healthcare (-1.17%), Celltrion Pharm (-0.89%), and Pearl Abyss (-0.19%) declined. Meanwhile, Kakao Games (0.59%) and HL Biopharma (0.14%) rose.

Overnight, the U.S. New York stock market closed higher across the board, buoyed by strong economic indicators. On the 5th (local time) at the New York Stock Exchange, the Dow Jones Industrial Average rose 373.98 points (1.13%) to close at 33,527.19. The Standard & Poor's (S&P) 500 index increased by 58.04 points (1.44%) to 4,077.91. The tech-heavy Nasdaq index closed up 225.49 points (1.67%) at 13,480.11. Both the Dow Jones Industrial Average and the S&P 500 closed at record highs.

Yumi Kim, an economist at Kiwoom Securities, stated, "The domestic stock market is expected to show differentiated trends by sector and stock ahead of the earnings season. The stabilization of long-term U.S. bond yields and the weakening of the dollar are expected to be positive for the domestic stock market."

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