Foreigners' Net Buying Leads to 'Index Starting Up'... KOSPI Reaches 2970

On the 16th, when the KOSPI index started lower due to selling by individuals and foreigners, dealers were working in the Hana Bank dealing room in Euljiro, Seoul. The KOSPI opened at 2,995.68, down 3.84 points (0.13%) from the previous trading day. Photo by Moon Honam munonam@

[Asia Economy Reporter Lee Seon-ae] On the 19th, the KOSPI opened higher while the KOSDAQ started lower. Shortly after, the KOSDAQ turned upward, and both markets are showing an upward trend.

On this day, the KOSPI opened at 2951.06, up 3.68 points (0.12%), and the KOSDAQ opened at 1032.07, down 0.70 points (0.07%). As of 9:10 AM, the KOSPI was at 2970.92 and the KOSDAQ at 1306.54. Net buying by foreigners is supporting the rise in the indices.

Individuals are showing a buying preference in the futures market, recording net purchases of 64.1 billion KRW in the KOSPI market and net sales of 25.7 billion KRW in the KOSDAQ market. In the KOSPI market alone, individuals have a net selling preference of 36.4 billion KRW, while in the KOSDAQ market, they have a net buying preference of 39.5 billion KRW. Institutions are selling approximately 27.5 billion KRW and 10.4 billion KRW in the two markets, respectively.

By sector in the KOSPI, transportation equipment (+1.29%), pharmaceuticals (+0.44%), and electrical and electronics (+0.25%) are showing strength, while transportation and warehousing (-0.54%), machinery (-0.44%), and non-metallic minerals (-0.31%) are declining. In the KOSDAQ sectors, digital content (-1.02%), entertainment and culture (-0.74%), and paper and wood (-0.37%) are falling, whereas broadcasting services (+0.94%), transportation (+0.91%), and telecommunications services (+0.79%) are rising.

Han Ji-young, a researcher at Kiwoom Securities, stated, "The domestic stock market is expected to continue a differentiated market by sector and theme amid a box range movement due to the absence of new macro events during the session and inflation caution." She added, "Considering that electric vehicle companies such as Tesla, Rivian, and GM faced downward pressure on their stock prices in the U.S. market following Apple's announcement of a fully autonomous vehicle launch, it is necessary to keep open the possibility of increased price volatility in the domestic market today as investors seek beneficiaries and victims among electric vehicle and secondary battery stocks."

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