Foreigners Net Buy 900 Billion Won... KOSPI Closes Up Over 2%

KOSDAQ Also Reverses to Rise... Closes Up Over 1%

[Asia Economy Reporter Minwoo Lee] The KOSPI closed up more than 2% from the previous day, buoyed by simultaneous buying from foreigners and institutions. The KOSDAQ, which had fallen more than 1% at one point in the morning, also closed up by over 1%.

On the 1st, the KOSPI closed at 2,899.72, up 2.14% (60.71 points) from the previous day. After a strong start at 2,860.12, it briefly turned downward but soon widened its gains.

Both foreigners and institutions buying lifted the index. Foreigners' net buying was particularly notable, purchasing 906.8 billion KRW worth in a single day. This was the largest daily net buying amount since August 31 (1.1233 trillion KRW). Institutions also net bought 90.8 billion KRW. Individuals sold off 995.5 billion KRW.

Almost all sectors rose. Many sectors rose more than 3%, including Machinery (3.76%), Steel & Metals (3.61%), Transportation & Warehousing (3.55%), Electrical & Electronics (3.54%), and Chemicals (3.31%). Medical Precision (-6.24%) and Telecommunications (-0.61%) declined.

Most of the top 10 market capitalization stocks also rose. Kia had the largest gain at 4.37%, followed by Samsung Electronics (4.35%), LG Chem (3.46%), Hyundai Motor (2.81%), NAVER (2.36%), SK Hynix (2.19%), Samsung SDI (0.73%), Kakao (0.41%), and Samsung Biologics (0.22%). Only KakaoBank fell by -0.61%.

The KOSDAQ closed at 977.15, up 1.19% (11.52 points) from the previous day. It fell to 949.86, down 1.63% from the previous day, dropping into the 940s for the first time since October 13, but recovered in the afternoon to close higher.

Foreigners were again strong net buyers. Foreigners alone net bought 33.8 billion KRW, while individuals and institutions net sold 25.2 billion KRW and 8 billion KRW, respectively.

Most sectors rose. The largest gains were in Telecommunications Equipment (3.91%), Other Manufacturing (3.61%), Semiconductors (3.03%), Publishing & Media Replication (3.02%), and Non-metallic Minerals (2.98%). Paper & Wood (-1.81%), Digital Content (-1.68%), and General Electrical & Electronics (-1.38%) declined.

However, most of the top 10 market capitalization stocks fell. Notable declines included Seegene (-8.19%), Wemade (-6.14%), L&F (-5.13%), and EcoPro BM (-4.71%). Others such as Pearl Abyss (-3.04%) and Kakao Games (-1.93%) also fell. Only Celltrion Healthcare (1.98%), Celltrion Pharm (1.75%), and HLB (0.83%) rose. SK Materials remained flat.

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