Domestic Stock Market Starts Higher on US Relief Rally Effect... KOSDAQ Recovers 800 Level

On the 28th, the KOSPI index opened at 2,437.57, up 0.91% (22.04 points) from the previous trading day, as dealers were working in the Hana Bank dealing room in Euljiro, Seoul. The won-dollar exchange rate started at 1,306 won, down 7.3 won. Photo by Moon Honam munonam@

[Asia Economy Reporter Ji Yeon-jin] The domestic stock market started higher on the 28th, buoyed by a relief rally in the U.S. stock market despite the U.S. Federal Open Market Committee (FOMC) implementing a 'giant step' (75 basis points rate hike).

As of 9:25 a.m., the KOSPI index was trading at 2,432.46, up 16.93 points (0.70%) from the previous day. The KOSPI opened at 2,437.07, up 0.91%, and has slightly reduced its losses since then.

Individual investors are limiting the index's rise with net sales worth approximately 50 billion KRW, and foreign investors are also net sellers with about 20 billion KRW. On the other hand, institutions are net buyers with about 80.4 billion KRW.

The KOSDAQ index started at 802.50, up 6.80 points (0.85%), regaining the 800 level. At 9:29 a.m., the index was trading at 802.17, up 6.47 points (0.81%). On the KOSDAQ, individual investors are net buyers with 44.6 billion KRW, while foreign and institutional investors are net sellers with 23.7 billion KRW and 21.6 billion KRW, respectively.

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