KOSPI Turns Upward on Foreign Buying... Rises Above 2970 Level

KOSDAQ Shows 2% Range Increase

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI reversed to an upward trend, supported by foreign buying. The KOSDAQ also showed a rise of over 2%.

As of 1:41 PM on the 3rd, the KOSPI recorded 2,969.73, up 0.83% (24.46 points) from the previous day. The KOSPI started the day lower but turned upward around 11:45 AM. It also surpassed the 2,970 level during the day.

Foreign buying led to the index's rise. Foreigners net purchased 71.4 billion KRW. Individuals and institutions net sold 5.7 billion KRW and 87 billion KRW, respectively.

All sectors rose. The textile and apparel sector had the largest increase at 5.85%. This was followed by telecommunications (2.20%), transportation and warehousing (1.86%), services (1.75%), and insurance (1.65%).

Many of the top 10 market capitalization stocks showed strength. KakaoBank had the largest gain at 4.31%. This was followed by Samsung SDI (1.61%), Kia (1.35%), Kakao (1.22%), Samsung Biologics (0.78%), NAVER (0.75%), and Hyundai Motor (0.73%). LG Chem (-1.10%), SK Hynix (-0.83%), and Samsung Electronics (-0.26%) declined.

At the same time, the KOSDAQ recorded 997.34, up 2.04% (19.91 points) from the previous day. It even approached the 1,000 mark, reaching 998.22 at 1:37 PM.

Foreign and institutional buying was strong. Foreigners and institutions net purchased 55.7 billion KRW and 60.3 billion KRW, respectively. Individuals net sold 150.4 billion KRW.

All sectors rose. Digital content had the largest increase at 5.78%. This was followed by IT S/W & SVC (4.18%), entertainment and culture (3.75%), general electric and electronics (3.73%), and broadcasting services (3.34%).

Most of the top 10 market capitalization stocks rose. Wemade had the largest gain at 9.54%. This was followed by Pearl Abyss (6.30%), EcoPro BM (5.70%), HL Biopharma (4.09%), Kakao Games (4.04%), L&F (2.72%), and Celltrion Pharm (0.33%). Seegene (-2.56%) and Celltrion Healthcare (-0.24%) declined. SK Materials remained flat.

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