KOSPI Rises to 3040 Level... KOSDAQ Also Recovers to 1000 Level

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] On the 26th, domestic indices started higher.

The KOSPI opened at 3,039.82, up 19.28 points (0.64%), and the KOSDAQ started at 1,000.32, up 6.01 points (0.60%). In the early session, the KOSPI fluctuated around the 3,040 level, surpassing it at times. The KOSDAQ has recovered and is maintaining the 1,000 level.

Looking at investor trends, individuals and institutions are both buying actively, while foreigners are selling alone. As of 9:11 AM, individuals recorded net purchases of 1.1 billion KRW and 16.2 billion KRW in the KOSPI and KOSDAQ markets, respectively. Institutions also showed a buying advantage with 13.3 billion KRW and 20.1 billion KRW, respectively. In contrast, foreigners recorded net sales of 16.2 billion KRW and 33.8 billion KRW, respectively.

By sector in the KOSPI, the electric and electronics sector (+0.91%) showed a notable rise at the start, along with electricity and gas (+0.90%) and transportation equipment (+0.75%) sectors showing upward trends. On the other hand, the medical precision sector (-0.41%) was declining. In the KOSDAQ sector status, the electricity, gas, and water sector (+4.08%) showed a notable rise at the start, along with transportation (+1.27%) and construction (+0.93%) sectors showing upward trends. Meanwhile, the mining sector (0.00%) showed a decline.

Seosangyoung, a researcher at Mirae Asset Securities, said, "Although the US stock market still showed signs of economic slowdown, the rise in response to individual corporate positive news is a positive factor for the Korean stock market," adding, "however, market changes are expected depending on the full-scale earnings announcements of companies such as SK Hynix and Hyundai Motor."

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