KOSPI Rises Strongly Amid US Stock Market Rally... Settles Above 2400 Level

KOSPI Up 1.4% Amid Net Buying by Foreigners and Individuals

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI started with a strong rise of over 1%, settling above the 2400 mark. This was due to the simultaneous upward trend of the three major U.S. stock indices.

At 9:18 a.m. on the 20th, the KOSPI was at 2404.33, up 1.41% (33.36 points) from the previous trading day. The KOSPI opened the session at 2406.29, up 1.49% (35.32 points) from the previous day, continuing its upward momentum. The won-dollar exchange rate opened at 1307.0 won, 6.4 won lower than the previous day's closing price, due to the weakening of the dollar. According to the comprehensive investor trend at this time, foreigners and individuals were buying stocks worth 18.4 billion won and 29.3 billion won respectively, while institutions alone sold stocks worth 44.1 billion won.

The factor influencing the rise in the U.S. stock market was the easing of concerns over Russia's natural gas supply suspension. It is known that Russia will restart the Nord Stream 1 Germany-Russia natural gas pipeline, which was scheduled to complete its regular inspection on Thursday, easing fears of a European economic recession. Until now, Europe and the U.S. had been amplifying concerns that Russia might cut off energy supplies. KB Securities researcher Ilhyuk Kim said, "Concerns over Russia's natural gas supply suspension are expected to be smoothly resolved," adding, "The short-term selling pressure is likely exhausted, and the market is expected to continue its rebound for several days."

Top market capitalization stocks are all showing upward trends. Samsung Electronics is trading at 61,500 won, up 1% from the previous day, and SK Hynix also rose 2.5%. LG Energy Solution (1.31%), Samsung Biologics (0.24%), NAVER (3.08%), Hyundai Motor (0.8%), LG Chem (4.22%), Samsung SDI (1.10%), and Kakao (2.88%) also showed gains.

At the same time, the KOSDAQ index was at 794.30, up 1.53% (11.97 points) from the previous trading day. The KOSDAQ index opened at 792.94, up 1.36% (10.61 points) from the previous day. Looking at investor trends, individuals and institutions bought stocks worth 2.9 billion won and 21.7 billion won respectively, while foreigners alone sold stocks worth 22.8 billion won.

Among the top market capitalization stocks, Celltrion Healthcare (0.57%), EcoPro BM (2.62%), L&F (2.67%), HLB (1.11%), Kakao Games (2.36%), Pearl Abyss (2.28%), Celltrion Pharm (1.92%), Seegene (0.22%), and Studio Dragon (7.67%) rose, while Alteogen (-0.45%) was the only stock to decline.

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