KOSPI Maintains Morning Uptrend... KOSDAQ Hits New Year-to-Date High

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend as foreigners have switched to net buying. The KOSDAQ index is hitting a yearly high and expanding its gains.

At 10:10 AM on the 15th, the KOSPI stood at 3,268.24, up 0.11% (3.43 points) from the previous trading day. The KOSPI opened the session at 3,269.33, up 0.14% (4.52 points) from the previous day.

Looking at investor trends, foreigners alone purchased stocks worth 7.6 billion KRW, while individuals and institutions sold stocks worth 4 billion KRW and 11.9 billion KRW respectively. This is analyzed to be due to the expansion of dollar weakness after Fed Chair Powell expressed confidence in economic recovery while maintaining an accommodative monetary policy the previous day, which stimulated foreign demand.

Yumi Kim, a researcher at Kiwoom Securities, explained, "Fed Chair Powell indicated the intention to continue current asset purchases for the time being, which acted as a bearish factor for the dollar," adding, "The assessment that significant economic progress is needed for tightening stimulated a decline in government bond yields and led to dollar weakness."

By sector, Medical Precision (2.59%), Electric and Gas Utilities (1.28%), Machinery (0.79%), Transportation Equipment (0.81%), and Securities (0.76%) rose. Among large-cap stocks, Samsung Electronics rose 0.5% to 79,900 KRW compared to the previous day. Additionally, Samsung Biologics (0.58%), Hyundai Motor (0.87%), and Celltrion (0.77%) increased, while SK Hynix (-0.4%), NAVER (-0.23%), Kakao (-1.23%), and Samsung SDI (-0.67%) declined.

At the same time, the KOSDAQ index stood at 1,052.36, up 0.71% (7.38 points) from the previous trading day. The KOSDAQ opened at 1,046.57, up 0.15% (1.59 points) from the previous day, hitting a yearly high and showing a sharp rise. The previous KOSDAQ high was 1,050.31 recorded on the 7th. Looking at investor trends, individuals alone purchased stocks worth 48.5 billion KRW, while foreigners and institutions sold stocks worth 2.8 billion KRW and 34.5 billion KRW respectively.

By sector, General Electric and Electronics (3.08%), Communication Equipment (2%), Distribution (1.39%), and IT Hardware (1.38%) showed gains. Among General Electric and Electronics stocks, EcoPro BM showed a rise of around 9%, with Woori Technology (6.6%) and RFHIC (2.5%) also increasing. EcoPro BM's rise is analyzed to reflect positive expectations from the securities industry that it will show the highest margin ever in the second quarter.

Among large-cap stocks, most are showing gains. Celltrion Healthcare rose 1.18% to 111,800 KRW compared to the previous day. Kakao Games (0.49%), Celltrion Pharm (0.26%), Pearl Abyss (1.16%), SK Materials (0.31%), HLB (0.71%), and Alteogen (0.68%) also increased.

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