Domestic Stock Market Rebounds in One Day... KOSDAQ Approaches 900 Countdown
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[Asia Economy Reporter Ji Yeon-jin] On the 3rd, the domestic stock market opened higher, buoyed by the strong performance of the U.S. stock market amid the possibility of a slowdown in interest rate hikes.
On this day, the KOSPI index started trading at 2,679.57, up 20.58 points (0.77%) from the previous day, but the upward momentum has since slowed. As of 9:05 a.m., the index was at 2,678.91, up 19.92 points (0.75%) from the previous day. Institutions have net bought stocks worth 27.8 billion KRW, while foreigners have net sold stocks worth 25.6 billion KRW. Individuals, who had net bought in the early session, are currently net selling stocks worth 900 million KRW since the market opened.
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At the same time, the KOSDAQ index is up 0.82% (7.29 points) at 898.43. The index started up 0.67% and is expanding its gains. Individuals have purchased stocks worth 23.3 billion KRW, and institutions 1.9 billion KRW, while foreigners have net sold stocks worth 23.7 billion KRW.
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