With US Stock Market Reaching All-Time High... KOSPI Sets Off Toward 3300
[Asia Economy Reporter Ji Yeon-jin] On the 5th, the domestic stock market started on an upward trend due to positive interpretations of mixed U.S. employment data over the weekend.
On this day, the KOSPI index opened at 3,285.29, up 3.51 points (0.11%) from the previous session, and is expanding its gains in the early trading hours. As of 9:15 a.m., the index was trading at 3,291.94, up 10.16 points (0.31%) from the previous trading session. Individuals are net buying about 55.4 billion KRW, and institutions are also net buying about 16 billion KRW. On the other hand, foreigners are net selling about 76.2 billion KRW.
The KOSDAQ index also opened at 1,039.79, up 1.61 points (0.16%), and at the same time rose by 5.26 points (0.51%), increasing its gains. Foreigners and institutions are net selling approximately 1.9 billion KRW and 4.2 billion KRW respectively, while individuals are net buying about 10.6 billion KRW.
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For KOSPI, large-cap stocks (0.35%) and mid-cap stocks (0.07%) are on the rise, whereas small-cap stocks (0.11%) are declining. In particular, the pharmaceuticals (1.31%) and transportation and warehousing (1.67%) sectors are showing the steepest gains.
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