Both Markets Rebound... KOSPI Surpasses 2850

KOSDAQ Rises by Over 2%

On the morning of the 20th, employees are working in the dealing room of Hana Bank in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] Both the KOSPI and KOSDAQ rebounded, surpassing the 2850 and 950 marks respectively. It appears that institutional buying pressure in both markets lifted the indices.

As of 1:51 PM on the 20th, the KOSPI recorded 2857.49, up 0.54% from the previous day. After opening at 2842.28, the same as the previous day, it briefly turned downward but has been showing an upward trend since the afternoon.

By investor type, individuals and institutions net bought 85.1 billion KRW and 119.7 billion KRW respectively. Foreigners net sold 216 billion KRW.

Almost all sectors showed gains. The medical precision sector had the largest increase at 3.21%. This was followed by chemicals (2.20%), banking (1.36%), services (1.22%), and construction (1.19%). Insurance (-2.05%) and finance (-0.37%) declined.

The KOSDAQ rose 2.19% from the previous day to 954.35. After a firm start, the upward momentum is expanding.

In the KOSDAQ market, institutions net bought 120.7 billion KRW. Foreigners also purchased 115.2 billion KRW. Conversely, individuals net sold 227 billion KRW.

All sectors showed gains. The digital content sector surged by 5.11%. Other sectors rising more than 3% included IT S/W&SVC (3.75%), entertainment & culture (3.45%), paper & wood (3.16%), and chemicals (3.02%).

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