Domestic Stock Market Uptrend... KOSPI Sees Simultaneous 'Buying' by Individuals and Foreigners

On the 8th, the KOSPI opened at 2352.49, up 18.22 points (0.78%) from the previous trading day, at the Hana Bank dealing room in Jung-gu, Seoul. The won-dollar exchange rate started at 1297.5 won, down 2.3 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Lee Jung-yoon] The KOSPI index continues its upward trend as individuals and foreigners show a buying preference. The KOSDAQ index is being driven up by individual investors.

As of 9:36 a.m. on the 8th, the KOSPI index stood at 2,352.88, up 18.61 points (0.80%) from the previous trading day. The index opened at 2,352.49, up 18.22 points (0.78%) from the previous session, showing an upward trend due to inflows from individuals and foreigners. Individuals and foreigners net bought approximately 65.6 billion KRW and 71.6 billion KRW respectively, while institutions net sold about 136.7 billion KRW.

Among the top market capitalization stocks, LG Chem rose more than 4%, recording the largest gain. It was followed by Hyundai Motor (1.71%), SK Hynix (1.60%), NAVER (1.22%), Kia (1.19%), and LG Energy Solution (1.07%). Samsung Electronics, which rose 3.19% in the previous session, also increased by 0.86% today. Samsung SDI (0.74%) showed strength as well. On the other hand, Kakao (-0.68%) and Samsung Biologics (-0.49%) were weak.

By sector, Medical Precision (4.23%), Non-metallic Minerals (2.12%), Construction (2.11%), Chemicals (1.89%), and Transportation Equipment (1.73%) showed gains. Pharmaceuticals and Food & Beverage sectors fell by 0.81% and 0.42%, respectively.

Na Jung-hwan, a researcher at Cape Securities, explained, "As the Q2 earnings season has officially started, the overall earnings outlook for KOSPI this year is expected to be revised downward, so expectations for Q2 corporate earnings are not high. Given the high downside uncertainty in Q2 earnings, a sustained upward trend in the stock market is considered difficult." He added, "However, there is a possibility of a rebound in sectors where earnings forecasts have been significantly revised downward after the Q2 earnings announcements, reflecting the US economic recession."

At the same time, the KOSDAQ index rose 6.93 points (0.91%) to 764.90 compared to the previous trading day. Individuals net bought about 60.3 billion KRW, while foreigners and institutions net sold approximately 43.5 billion KRW and 9.9 billion KRW, respectively.

Among the top market capitalization stocks, HLB (7.52%), Seegene (4.97%), L&F (4.13%), EcoPro BM (2.58%), Alteogen (1.58%), and Studio Dragon (1.22%) rose. Celltrion Healthcare (-4.24%), Celltrion Pharm (-3.98%), Kakao Games (-0.30%), and Pearl Abyss (-0.19%) were weak.

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