Kospi Aims to Recover 3000 Points... Kosdaq Turns to an Uptrend

Mayor Yang's Strong Personal Net Buying Momentum

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The two stock markets, which started slightly weak, are gradually showing signs of rebound. The KOSPI recovered close to 3000, and the KOSDAQ turned to an upward trend.

As of 11 a.m. on the 14th, the KOSPI recorded 2995.32, down 0.19% from the previous day. After opening lower at 2983.95, it is recovering most of the losses.

In the KOSPI market, individual investors' net buying was prominent. They net bought 232.6 billion KRW, while foreigners and institutions net sold 178.3 billion KRW and 65 billion KRW, respectively.

However, many sectors were still down. The largest declines were in chemicals (-1.06%), construction (-0.60%), steel & metals (-0.41%), and finance (-0.38%). Food & beverages (2.16%) and pharmaceuticals (1.88%) rose.

At the same time, the KOSDAQ was up 0.02% from the previous day at 1006.19. It started slightly weak at 1001.11 but maintained the 1000 level and shifted to an upward trend.

In the KOSDAQ market, individuals and institutions net bought 10.6 billion KRW and 3.2 billion KRW, respectively. Foreigners net sold 1.7 billion KRW. Other corporations also net sold 12 billion KRW. Other corporations refer to venture capital firms (VCs) or general corporations excluding financial institutions such as securities firms, insurance companies, and pension funds.

By sector, the downward trend was somewhat dominant. The largest declines were in IT components (-1.16%), internet (-1.11%), medical & precision instruments (-0.97%), and general electric & electronics (-0.80%). Other services (2.06%), technology growth enterprises sector (1.79%), and finance (0.70%) rose.

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