KOSPI Recovers to '3250 Level'... Will It Surpass the Record Closing High?

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] The KOSPI index recovered to the '3250 level' in the afternoon, increasing the possibility of setting a new closing high. Early in the session, it rose to the '3260 level,' raising the likelihood of breaking both the closing and intraday high records, but foreign investors sold nearly 200 billion won, pulling the index down.

As of 1:28 PM on the 7th, the KOSPI stood at 3,251.64, up 11.56 points from the previous trading day. The index has been gaining momentum in the afternoon.

Looking at trading trends by investor type, individual investors alone net bought 269.3 billion won, supporting the index. In contrast, foreign investors and institutions net sold 229.1 billion won and 41.2 billion won, respectively.

Top market capitalization stocks showed mixed trends. Automobile-related stocks, which have returned to normal after the semiconductor crisis, showed clear gains. Kia Motors rose 2.02%, Hyundai Motor increased 0.21%. Kakao (1.21%), NAVER (1.40%), LG Chem (0.37%), and Samsung Biologics (0.95%) also rose. Meanwhile, Samsung Electronics (-0.12%) and Samsung SDI (-0.16%) declined.

At the same time, the KOSDAQ index was down 0.16% at 985.98. Individual investors net bought 155.1 billion won, while foreign investors and institutions net sold 115.5 billion won and 26.2 billion won, respectively.

Most of the top market capitalization stocks showed declines. Celltrion Healthcare (-1.43%), Celltrion Pharm (-1.17%), and EcoPro BM (-0.17%) saw their stock prices fall. On the other hand, Pearl Abyss (0.70%) rose slightly.

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