KOSPI and KOSDAQ Start Higher on Rebound Buying Inflow... Foreigners Net Sell

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] On the 18th, the domestic stock market started higher due to the inflow of rebound buying.

On that day, the KOSPI opened at 2,898.98 points, up 8.88 points (0.31%), and the KOSDAQ opened at 959.98 points, up 2.08 points (0.22%).

In the early session, trading trends by investor type are mixed. Individuals are net sellers of 4.4 billion KRW in the KOSPI market and net buyers of 2.1 billion KRW in the KOSDAQ market. Foreigners are net sellers of 30.5 billion KRW and 13.1 billion KRW in both markets, respectively. Meanwhile, institutions are net buyers of 24 billion KRW and 3.2 billion KRW.

By sector in the KOSPI, textiles and apparel (+0.71%), pharmaceuticals (+0.68%), and chemicals (+0.60%) are showing strength, while paper and wood (-0.14%) and construction (-0.09%) are declining.

By sector in the KOSDAQ, distribution (+1.04%), finance (+0.39%), and pharmaceuticals (+0.37%) are strong, whereas transportation equipment and parts (-0.44%), telecommunication services (-0.44%), and textiles and clothing (-0.37%) are weak.

Han Ji-young, a researcher at Kiwoom Securities, said, "The domestic stock market is expected to rebound, supported by the perception that the recent sharp decline below the 2,900 level was excessive, along with improvements in Chinese industrial indicators and the rise of European stock markets. However, tightening policies and major domestic IPO issues are expected to limit the upper range of the index."

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