KOSPI Surpasses 3200 Intraday

On the 26th, the KOSPI opened at 3,151.30, up 4.49 points (0.14%) from the previous trading day, at the Hana Bank dealing room in Jung-gu, Seoul. On the same day, the won-dollar exchange rate opened at 1,165.0 won, down 3.1 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Junho Hwang] On the afternoon of the 3rd, the KOSPI surpassed 3200 during the session as foreign investors continued net buying.

As of 1:38 PM that day, the KOSPI was at 3199.53, up 23.68 points (0.75%) from the previous trading day. About 11 minutes earlier, at 1:27 PM, it even rose to 3201.89.

Foreign and institutional investors drove the index's rise by net buying. Foreign investors were net buyers of 181 billion KRW, and institutions net bought 127.4 billion KRW. Meanwhile, individual investors continued net selling worth 294.8 billion KRW.

Among all listed stocks, 523 stocks rose while 310 stocks fell. Foreign investors focused their purchases on the electrical and electronics and pharmaceutical sectors, while institutions bought shares in the service and pharmaceutical sectors. Accordingly, sectors such as pharmaceuticals (1.44%), services (1.32%), and electrical and electronics (1.08%) showed notable gains.

Top market capitalization stocks also showed gains. Samsung Electronics rose 0.92% to 76,700 KRW. NAVER also showed a 1.92% increase, and Kakao was up 1.29%. Hyundai Motor recorded a 1.42% rise to 314,500 KRW.

On the previous day in the U.S., news emerged that Apple was contacting Korean companies for mass production of the Apple Car. As a result, LG Electronics rose 9.32% to 152,500 KRW.

The KOSDAQ also continued its upward trend. As of this time, it was up 7.19 points (0.69%) at 1054.38. Individual and foreign investors were net buyers of 17.6 billion KRW and 48.3 billion KRW respectively, while institutions were net sellers of 50.7 billion KRW.

Park Gwangnam, a researcher at Mirae Asset Securities, said, "The dollar-won exchange rate is falling and stabilizing in the mid-1150 range, and foreign buying in China and emerging markets is expanding, restoring risk asset preference sentiment," adding, "Foreign investors have been net buyers for four consecutive trading days, attempting to break through the 3200 level."

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