KOSPI Starts Recovering Above 2700 on US Stock Market Rise... KOSDAQ Also Rises

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] On the morning of the 8th, both the KOSPI and KOSDAQ indices showed a simultaneous upward trend at the start of the stock market. This is interpreted as being influenced by the previous day's rise in the U.S. stock market and the inflow of rebound buying.

As of 9:25 a.m., the KOSPI index stands at 2706.53. The KOSPI opened at 2706.64, up 0.40% (10.78 points) from the previous trading day, and is showing a sideways trend. By investor type, individuals alone net bought 84.4 billion KRW, while foreigners and institutions sold 43.5 billion KRW and 47.4 billion KRW respectively.

Looking at the top market capitalization stocks, Samsung Electronics is trading at 68,200 KRW, up 0.29% (200 KRW) from the previous day. LG Energy Solution and Samsung SDI rose significantly by 2.29% and 2.23% respectively. Other stocks such as Samsung Biologics (0.37%), NAVER (0.16%), and Kakao (0.60%) are also rising. On the other hand, Hyundai Motor fell 0.84% (1,500 KRW) to 177,000 KRW. Samsung Electronics Preferred Shares (-0.16%) are also slightly down. SK Hynix is trading unchanged at 113,500 KRW.

By sector, non-metallic minerals (3.07%) and medical precision (1.13%) are rising, while transportation and warehousing (-1.19%) and construction (-0.83%) are declining.

At the same time, the KOSDAQ index is at 934.31. The KOSDAQ opened at 931.98, up 0.43% (4.03 points) from the previous day, and continues its upward trend. By investor type, individuals and institutions are buying 17.4 billion KRW and 1.1 billion KRW respectively, while foreigners are net selling 19.8 billion KRW.

In terms of market capitalization, EcoPro BM is trading at 446,200 KRW, up 3.74% (16,100 KRW) from the previous day, solidifying its position as the top KOSDAQ stock. L&F (2.09%) and Chunbo (1.25%) are also strong. On the other hand, Pearl Abyss is trading at 101,200 KRW, down 1.75% (1,800 KRW). Game-related stocks such as Wemade (-1.08%) and Kakao Games (-0.53%) are generally weak.

By sector, paper and wood (1.86%) and general electrical and electronics (1.68%) are strong, while construction (-0.70%) and digital content (-0.50%) are declining.

Seosangyoung, a researcher at Mirae Asset Securities, said about the domestic stock market, "The recent shift in issues from the U.S. Federal Reserve's monetary policy and the Ukraine issue, which have fueled recent market declines, to the U.S. earnings season is expected to positively influence overall investor sentiment," adding, "The KOSPI is expected to start with about a 0.3% rise and show a solid performance due to the inflow of rebound buying."

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