Foreigners Increasing 'Sajase' Boost KOSPI Gains... Surpassing 2400 Points

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] On the afternoon of the 21st, the KOSPI index extended its gains and settled above the 2400 mark. Foreign investors in the Korea Composite Stock Price Index (KOSPI) market are increasing their net buying, driving the index higher. The KOSDAQ index is also maintaining its upward trend.

As of 2 PM, the KOSPI stood at 2402.82, up 0.67% (15.97 points) from the previous trading day, surpassing the 2400 level. The index opened at 2387.91, up 0.04% (1.06 points) from the previous day, and has been gaining momentum in the afternoon session. Foreign investors alone have net purchased 245.8 billion KRW, supporting the index. In contrast, individual and institutional investors sold 173.6 billion KRW and 74 billion KRW worth of stocks, respectively.

The domestic stock market is rising as foreign investors continue net buying following earnings reports from Netflix and Tesla the previous day, along with expectations for the passage of the U.S. semiconductor support bill. Kyungmin Lee, a researcher at Daishin Securities, noted, "The KOSPI, which fluctuated around the 2390 level in the morning, expanded its gains in the afternoon as foreign investors increased net buying in the electrical and electronics sector. Reports of the resumption of gas supply through Nord Stream 1 during the session have also contributed to euro strength and further dollar weakness, creating favorable conditions for foreign investor demand."

Most of the top market capitalization stocks are showing gains. Samsung Electronics is trading at 61,400 KRW, up 1.49% (900 KRW) from the previous day. LG Chem rose 4.81% (26,000 KRW) to 566,000 KRW. Other gainers include ▲LG Energy Solution (0.91%) ▲SK Hynix (0.49%) ▲Samsung Electronics Preferred (0.36%) ▲Naver (1.63%) ▲Hyundai Motor (0.79%) ▲Samsung SDI (1.07%) ▲Kia (0.74%). Samsung Biologics is the only major stock declining, down 0.85% from the previous day.

By sector, retail (1.50%), paper & wood (1.34%), and textiles & apparel (1.28%) are rising, while medical precision (-3.61%) and pharmaceuticals (-1.54%) are falling.

At the same time, the KOSDAQ index is at 794.66, up 0.50% (3.94 points) from the previous day. The KOSDAQ opened at 792.95, up 0.28% (2.33 points), and is maintaining its upward momentum. By investor type, individuals and institutions are net buyers of 68.9 billion KRW and 22.5 billion KRW, respectively, while foreign investors are net sellers of 84.7 billion KRW.

Most of the top KOSDAQ market cap stocks are also rising. EcoPro BM, the largest KOSDAQ stock by market cap, is up 4.82% (5,300 KRW) to 115,200 KRW, showing a strong upward trend. Other secondary battery-related stocks such as L&F (1.78%) and Cheonbo (0.31%) are also rising. Entertainment stocks like Pearl Abyss (1.33%), Kakao Games (0.78%), and Studio Dragon (1.43%) are gaining as well. In contrast, Celltrion Healthcare (-1.98%) and HLB (-1.90%) are declining.

By KOSDAQ sector, general electronics is notably up 2.43%, with software (2.00%) and publishing & media replication (1.87%) also rising. Meanwhile, pharmaceuticals (-1.72%), food & tobacco (-1.10%), and distribution (-1.05%) are falling.

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