KOSPI Starts Upward, Recovers '3020 Level'... KOSDAQ Also on the Rise

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 29th, the domestic stock market started all on an upward trend. It is interpreted that the strong performance in the U.S. stock market, which entered the full-fledged earnings season overnight, had a positive effect on the domestic stock market as well.

As of 9:15 a.m. that day, the KOSPI recorded 3,022.13, up 0.42% (12.58 points) from the previous day. The index started trading at 3,025.67, up 16.12 points (0.54%) from the previous day.

The U.S. stock market rose on the strength of technology stocks, with both the Nasdaq index and the Standard & Poor's (S&P) 500 index hitting all-time highs at closing prices. On the 28th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 239.79 points (0.68%) from the previous trading day to 35,730.48. The S&P 500 index rose 44.74 points (0.98%) to 4,596.42, and the Nasdaq index closed at 15,448.12, up 212.28 points (1.39%).

By investor type, foreign and institutional investors showed net selling dominance of 20.2 billion KRW and 94.6 billion KRW, respectively. In contrast, individuals showed a net buying dominance of 113.2 billion KRW.

Among the top 10 stocks by market capitalization, there were mixed movements. Samsung Electronics (0.57%), LG Chem (0.35%), and Samsung Biologics (0.56%) rose. Hyundai Motor and Kia also rose by 0.71% and 1.05%, respectively. SK Hynix (-0.47%), NAVER (-0.24%), and Samsung SDI (-0.13%) declined.

The KOSDAQ also started at 1,003.82, up 0.37% (3.69 points) from the previous day.

Like the KOSPI, individuals showed net buying of 89.9 billion KRW. Meanwhile, foreign and institutional investors showed net selling of 47.1 billion KRW and 33.4 billion KRW, respectively.

Among the top 10 stocks by market capitalization, Celltrion Healthcare (0.34%), EcoPro BM (0.10%), Wemade (3.81%), HLB (1.05%), and Celltrion Pharm (0.33%) rose. On the other hand, L&F (-0.93%), Kakao Games (-0.76%), and SK Materials (-0.18%) fell.

Yoon-chul Park, a researcher at Hi Investment & Securities, said, "The domestic stock market will face upward pressure due to the strong U.S. stock market and other factors," adding, "Differentiation by industry is expected to continue, so it is necessary to pay attention to whether the Chinese stock market rebounds and foreign investor demand."

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