KOSPI Rebounds After Three Days on Inflation Peak-Out Hopes... Settles Above 2700 Level

[Asia Economy Reporter Kwon Jae-hee] The KOSPI reversed to an upward trend after three days, buoyed by expectations of an inflation peak. Despite continued selling pressure from individuals and foreigners, institutions led buying, successfully stabilizing the index above the 2700 level.

On the 13th, the KOSPI closed at 2716.49, up 1.86% (49.73 points) from the previous trading day. The index opened at 2677.53, 0.40% (10.77 points) higher than the previous close, and the gains widened as the session progressed.

The daily increase was the highest since the 2.21% rise on the 10th of last month.

Looking at investor trends, institutions net purchased 641.5 billion KRW, driving the index upward. Conversely, individuals and foreigners net sold 586.6 billion KRW and 62.8 billion KRW, respectively.

Lee Kyung-min, a researcher at Daishin Securities, stated, "Used car prices, previously a major factor in rising inflation, decreased by 3.8% compared to the previous month, spreading expectations that inflation has passed its peak."

In the stock market, all sectors rose except for textiles and apparel (-2.36%), telecommunications (-0.99%), medical precision (-0.58%), and insurance (-0.43%).

Electric and electronics (2.77%), transportation equipment (2.74%), machinery (2.63%), banking (2.33%), and electric and gas utilities (2.13%) all rose more than 2%.

Among the top market capitalization stocks, all within the top 10, including Samsung Electronics (2.54%), LG Energy Solution (4.87%), SK Hynix (1.80%), Samsung Biologics (2.28%), Naver (0.65%), Kakao (1.81%), Samsung SDI (3.81%), and Hyundai Motor (1.69%), recorded gains.

The KOSDAQ index also closed at 927.31, up 1.48% (13.49 points) from the previous trading day. Regarding investor trends, institutions and foreigners net purchased 61 billion KRW and 34.1 billion KRW, respectively. Foreigners recorded net buying dominance for the first time in six trading days. Meanwhile, individuals net sold 88 billion KRW.

Among the top market cap stocks, EcoPro BM (4.74%), Celltrion Healthcare (3.01%), Celltrion Pharm (3.19%), HLB (5.51%), and Studio Dragon (4.07%) showed significant gains.

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