KOSPI and KOSDAQ Rise... "Has Rebound Buying Entered?"

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are showing intraday gains. It is analyzed that a rebound buying trend has flowed in as the index decline intensified due to concerns over the Jackson Hole meeting.

At 9:11 a.m. on the 24th, the KOSPI was at 2449.79, up 0.59% (14.45 points) compared to the previous trading day. The KOSPI opened the session at 2446.18, up 0.45% (10.84 points) from the previous day. Looking at investment trends, individual investors bought stocks worth 72.7 billion KRW alone, while foreigners and institutions sold stocks worth 25.5 billion KRW and 48.4 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics traded at 59,100 KRW, unchanged from the previous closing price. LG Energy Solution (1.46%), Samsung Biologics (0.24%), LG Chem (0.48%), Samsung SDI (1.53%), Hyundai Motor (1.06%), NAVER (0.62%), and Kakao (0.94%) rose, while SK Hynix (-0.21%) declined.

Seosangyoung, a researcher at Mirae Asset Securities, said, “The U.S. economic indicators’ weakness has highlighted recession concerns, and the still aggressive monetary policy stance of the Federal Reserve ahead of the Jackson Hole conference is a burden,” adding, “However, due to the rebound buying sentiment following the recent decline and the weak dollar, the index is expected to continue its upward trend.”

At the same time, the KOSDAQ index was at 790.71, up 0.92% (7.29 points) from the previous trading day. The KOSDAQ opened at 788.36, up 0.63% (4.94 points) from the previous day. In the market, individuals and institutions net bought stocks worth 21.3 billion KRW and 1.3 billion KRW, respectively, while foreigners sold stocks worth 23.2 billion KRW alone.

Among the top market capitalization stocks, all stocks rose, including Celltrion Healthcare (0.7%), EcoPro BM (3.23%), L&F (1.39%), HLB (1.15%), Kakao Games (0.56%), Pearl Abyss (1.43%), Celltrion Pharm (0.51%), EcoPro (1.45%), Alteogen (0.63%), and Chunbo (0.3%).

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