As Foreign Buying Continues, KOSPI Rises Over 1%... KOSDAQ Also Up

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] Despite selling pressure from individuals and institutions, foreign capital inflows drove the KOSPI index to rise by more than 1%.

As of 11:10 AM on the 8th, the KOSPI index recorded 2,360.22, up 25.95 points (1.11%) from the previous trading day. Foreigners led the index increase with net purchases worth approximately 106.7 billion KRW. In contrast, individuals and institutions net sold about 30.2 billion KRW and 78.7 billion KRW, respectively.

Among the top market capitalization stocks, LG Chem rose the most, up 4.20%. This was followed by SK Hynix (2.02%), Hyundai Motor (2.00%), NAVER (1.84%), Kia (1.59%), Samsung Electronics (1.37%), LG Energy Solution (0.80%), and Samsung Biologics (0.12%). Samsung SDI (-1.11%) and Kakao (-0.27%) were weak.

By sector, transportation equipment (2.30%), medical precision (2.28%), non-metallic minerals (2.23%), insurance (2.10%), and chemicals (1.77%) rose in order. Pharmaceuticals and food & beverage sectors fell by 0.42% and 0.13%, respectively.

Lee Jae-sun, a researcher at Hyundai Motor Securities, explained, "The recent rise in the U.S. stock market has been linked to the domestic market," adding, "Overall, risk asset preference sentiment is increasing, leading to inflows of bargain buying."

On the 7th (local time), the Dow Jones Industrial Average closed at 31,384.55, up 346.87 points (1.12%) from the previous session. The large-cap-focused S&P 500 index ended at 3,902.62, up 57.54 points (1.50%). The tech-heavy Nasdaq index closed at 11,621.35, up 259.49 points (2.28%).

At the same time, the KOSDAQ index rose 10.94 points (1.44%) from the previous trading day to 768.91. The index briefly surpassed the 770 level during the session. Individuals and institutions net bought about 8.4 billion KRW and 2.4 billion KRW, respectively, while foreigners net sold about 5.6 billion KRW.

Among the top market capitalization stocks, HLB (8.08%), L&F (3.36%), EcoPro BM (1.89%), Seegene (1.85%), Alteogen (1.42%), Pearl Abyss (1.34%), Studio Dragon (0.41%), and Kakao Games (0.40%) showed upward trends. In contrast, Celltrion Pharm (-5.07%) and Celltrion Healthcare (-3.83%) were weak.

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