Ants Sell After a Long Time... Foreigners and Institutions Buy Net Together

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 Junho Hwang] On the morning of the 3rd, the stock market is showing an upward trend for the first time in a while, as foreign and institutional investors are net buyers despite external negative factors such as hawkish remarks from Federal Reserve Bank presidents the previous day and the rekindling of disputes between the U.S. and China.

As of 10:46 a.m., the KOSPI is at 2449.07, up 0.39% from the previous session. Foreigners and institutions are net buyers with purchases worth 51.2 billion KRW and 10.1 billion KRW respectively, while individual investors are realizing profits with net sales of 59.2 billion KRW.

Among all listed stocks, 480 stocks are rising while 340 are declining. Among the top 10 stocks by market capitalization, all except Samsung Electronics and Kia have risen.

LG Energy Solution is up 3.12% to 430,000 KRW, supported by the strong performance of secondary batteries in the domestic market, following the U.S. Tesla’s stock price surpassing $900 per share.

Other stocks showing strength include NAVER (3.67%) and Samsung SDI (1.92%). However, Samsung Electronics, the perennial market leader, is down 0.81% to 61,200 KRW.

By sector, the service industry is up 2.01%, led by NCSoft (4.23%), Contentsree Central (3.62%), and Krafton (3.10%). Insurance and food and beverage sectors are also recording gains in the 1% range.

The KOSDAQ index is up 0.81% to 810.87. Foreign and institutional investors are net buyers with 400 million KRW and 21.9 billion KRW respectively, while individual investors are net sellers with 19.2 billion KRW.

Among all KOSDAQ stocks, 997 are rising. Most of the top market cap stocks are showing significant gains, including Ecopro BM (2.23%), Celltrion Healthcare (0.28%), L&F (3.23%), and HLB (0.58%).

The USD/KRW exchange rate is at 1,309.30 KRW, up 0.35% from the previous day.

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