KOSPI and KOSDAQ Rise Together in Early Trading... Trading Around 2750 Level

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend in the early session, influenced by the rise in the U.S. stock market.

As of 9:12 a.m. on the 30th, the KOSPI stood at 2,757.04, up 0.58% (15.97 points) from the previous trading day. The stock market opened with the KOSPI at 2,758.31, up 0.63% (17.24 points) from the previous day. Foreigners and institutions are net buying stocks worth 24.2 billion KRW and 84.2 billion KRW respectively. Foreign investors switched to net buying after four trading days, which is interpreted as being influenced by the decline in the won-dollar exchange rate in the offshore non-deliverable forward (NDF) market.

Looking at the top market capitalization stocks, most are showing gains. Samsung Electronics traded at 70,300 KRW, up 0.14% from the previous day. LG Energy Solution (0.34%), SK Hynix (2.08%), NAVER (1.20%), Samsung Biologics (0.24%), Kakao (1.42%), Hyundai Motor (2.55%), Samsung SDI (2.77%), LG Chem (0.76%), and Kia (2.65%) are also on the rise.

The rise is attributed to the influence of the U.S. stock market's increase on the 29th (local time). The stock market rose as geopolitical concerns eased following news that peace negotiations between Russia and Ukraine are progressing meaningfully. Although the inversion of short- and long-term interest rates has increased recession concerns, the market has not reacted sensitively to this. Seo Jeong-hoon, a researcher at Samsung Securities, said, "The easing of geopolitical risks could stabilize commodity prices," adding, "Attention should be paid to domestic automobile-related sectors that have experienced fluctuations due to cost issues."

At the same time, the KOSDAQ index stood at 942.68, up 0.52% (4.91 points) from the previous trading day. The index opened at 942.08, up 0.45% (4.25 points) from the previous day. Looking at investor trends, individual investors are net buying stocks worth 40.9 billion KRW alone. Foreigners and institutions sold stocks worth 32.6 billion KRW and 8 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare traded at 65,500 KRW, up 0.31% from the previous day. EcoPro BM (2.5%), L&F (0.91%), Pearl Abyss (0.8%), Kakao Games (0.25%), Celltrion Pharm (0.51%), WeMade (1.1%), and Chunbo (0.33%) also rose.

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