KOSPI Rises by 1%... Recovers to 3250 Level

KOSDAQ Also Enters 1050 Range... Strong Foreign Buying Momentum

On the morning of the 22nd, the KOSPI, KRW-USD exchange rate, and other indicators are displayed on the electronic board in the dealing room of Hana Bank in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI index rose more than 1%, reclaiming the 3,250 level. This appears to be due to strong buying pressure from foreigners and institutions.

As of 1:45 PM on the 22nd, the KOSPI stood at 3,251.11, up 1.09% from the previous day. After opening slightly higher at 3,235.39, the gains widened.

Simultaneous buying by foreigners and institutions drove the index. They net purchased 109.4 billion KRW and 630.5 billion KRW worth of stocks, respectively. In contrast, individual investors net sold 742.3 billion KRW worth of shares.

Most sectors showed gains. The steel and metal sector posted the largest increase at 2.64%, followed by banks (2.41%), insurance (2.06%), and financials (1.68%). Meanwhile, medical precision (-3.10%) and machinery (-0.76%) declined.

At the same time, the KOSDAQ also rose 0.77% to 1,050.04.

In the KOSDAQ market, foreigners alone net purchased 192.6 billion KRW worth of stocks. Individuals and institutions sold 148.7 billion KRW and 20.5 billion KRW worth, respectively.

Many sectors also advanced. The digital content sector led with a 4.02% increase, followed by semiconductors (3.30%), textiles and apparel (2.60%), transportation (2.26%), and broadcasting services (2.20%). Paper and wood (-1.34%) and food and tobacco (-0.71%) declined.

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