"US Stock Market Gains Momentum During Seollal Holiday" Starts Upward... KOSPI Successfully Reclaims 2700

[Image source=Yonhap News]

[Asia Economy Reporter Lee Myunghwan] On the 3rd, the KOSPI and KOSDAQ indices started higher. This is analyzed to be due to the rebound in the U.S. stock market during the Lunar New Year holiday period.

At 9:07 a.m. on the 3rd, the KOSPI was at 2710.89, up 1.79% (47.55 points) from the previous trading day. The KOSPI opened the session at 2706.34, up 1.61% (43.00 points) from the previous trading day. Looking at investor trends, at this time, individuals and foreigners are net buying 32.5 billion KRW and 25.5 billion KRW respectively. Institutions are the only ones net selling, with 55.7 billion KRW.

Most of the top market capitalization stocks are showing gains. Samsung Electronics is up 1.36% at 74,300 KRW. Others such as LG Energy Solution (0.44%), SK Hynix (4.15%), Samsung Biologics (3.52%), Hyundai Motor (2.64%), Kia (1.10%), and Kakao (1.88%) are also rising. In particular, LG Chem is trading at 669,000 KRW, up 4.69% from the previous trading day.

At the same time, the KOSDAQ index is at 887.63, up 1.69% (14.76 points) from the previous trading day. The KOSDAQ opened at 887.85, up 1.72% (14.98 points) from the previous trading day. Looking at investor trends, individuals are buying 69.3 billion KRW, while foreigners and institutions are net selling 63.2 billion KRW and 2.8 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare is trading at 64,700 KRW, up 3.52%. Following are EcoPro BM (2.35%), Pearl Abyss (1.59%), L&F (3.67%), Kakao Games (1.83%), Wemade (4.12%), HLB (2.84%), Celltrion Pharm (3.63%), Seegene (2.57%), and Rino Industrial (0.33%), most of which are showing gains, while LX Semicon is showing a decline of 0.67%.

Seo Sangyoung, a researcher at Mirae Asset Securities, said, "The sharp rise in the U.S. stock market, contrary to the Federal Reserve (Fed) officials' March rate hike, is positive for the Korean stock market," adding, "In particular, the technology stocks such as the semiconductor sector, which led the sluggishness, have driven the rise based on earnings, which will lead to the strength of related stocks in the domestic stock market."

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