KOSPI and KOSDAQ Indices Close Higher Influenced by Strong U.S. Stock Market

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[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices closed higher.

On the 4th, the KOSPI closed at 2473.11, up 0.47% (11.66 points) from the previous trading day. The KOSPI opened at 2478.44, up 0.69% (16.99 points) from the previous day, but the gain narrowed slightly as institutional selling increased. Looking at investment trends, foreigners and individuals bought stocks worth 197.4 billion KRW and 13.1 billion KRW respectively. Institutions alone sold stocks worth 227.5 billion KRW.

By sector, the largest gains were seen in services (2.63%), transportation and warehousing (1.86%), finance (0.94%), and pharmaceuticals (0.82%). Kakao rose sharply by 7.5%, and group stocks such as Kakao Pay, Kakao, and Kakao Bank also showed strength.

Among the top market capitalization stocks, Samsung Electronics (0.33%), LG Energy Solution (1.37%), Samsung Biologics (0.46%), NAVER (1.67%), and Samsung SDI (0.51%) rose, while LG Chem (-0.81%) and Hyundai Motor (-0.25%) declined.

Lee Kyung-min, a researcher at Daishin Securities, said, “The US ISM Services Index surprise and Nasdaq strength, along with Kakao’s rally, spread warmth across domestic tech stocks. However, China’s military exercises near Taiwan’s major ports and shipping lanes left geopolitical issues lingering, which narrowed the gains across Asian markets including the KOSPI.”

The KOSDAQ index closed at 825.16, up 1.20% (9.80 points) from the previous day. The index opened at 820.06, up 0.58% (4.70 points), and then extended its gains. In terms of investment trends, foreigners alone bought stocks worth 131.6 billion KRW, while individuals and institutions sold stocks worth 81.9 billion KRW and 34.8 billion KRW respectively.

By sector, digital content (5.34%), IT software (3.42%), and transportation equipment parts (2.41%) saw the largest gains. The digital content sector surged significantly as gaming stocks rallied. Wemade Max (29.9%), Wemade (25.2%), and Wemade Play (13.5%) of the Wemade group rose on expectations for the opening of the WEMIX 3.0 mainnet.

Among the top market capitalization stocks, EcoPro BM (0.39%), Celltrion Healthcare (1.68%), HLB (5.55%), Kakao Games (0.35%), Pearl Abyss (3.14%), Celltrion Pharm (2.06%), Alteogen (7.32%), Wemade (25.25%), and EcoPro (3.54%) rose, while L&F fell 0.77%.

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