KOSPI Opens Higher on US Stock Market Rally... Approaching 2460 Level

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] On the 25th, the KOSPI opened higher, buoyed by the previous day's rise in the U.S. stock market.

As of 9:15 a.m. that day, the KOSPI was at 2,458.33, up 0.44% (10.88 points) from the previous trading day. The KOSPI opened at 2,459.79, up 0.50% (12.34 points) from the previous day, and maintained its upward trend.

By investor type, individual investors alone bought stocks worth 78.6 billion KRW, while foreigners and institutions sold stocks worth 60.6 billion KRW and 22.6 billion KRW, respectively.

Most of the top market capitalization stocks in the KOSPI market are on the rise. Samsung Electronics is trading at 59,100 KRW, up 0.17% (100 KRW) from the previous day. NAVER is up 1.04%, showing a strong upward trend, while Hyundai Motor (0.80%), Kakao (0.53%), Samsung Biologics (0.48%), and Samsung Electronics Preferred (0.37%) are also rising. On the other hand, Samsung SDI is trading at 582,000 KRW, down 1.52% (9,000 KRW) from the previous day. SK Hynix (-0.64%) and LG Chem (-0.49%) are also declining.

At the same time, the KOSDAQ index is at 797.59, up 0.56% (4.45 points) from the previous trading day. The KOSDAQ index started at 795.18, up 0.26% (2.04 points) from the previous day, and is expanding its gains.

In the KOSDAQ market, individual investors are net buyers of stocks worth 17.4 billion KRW alone. Foreigners and institutions are selling stocks worth 15.2 billion KRW and 1.6 billion KRW, respectively.

The top market capitalization stocks in the KOSDAQ show different price trends by sector. Entertainment-related stocks such as Kakao Games (1.71%), Pearl Abyss (0.71%), and Studio Dragon (0.67%) are strong. On the other hand, secondary battery-related stocks such as EcoPro BM (-0.69%), EcoPro (-0.45%), and L&F (-0.30%) are declining.

Attention is advised on the Bank of Korea's Monetary Policy Board meeting scheduled for that morning. Ji-young Han, a researcher at Kiwoom Securities, said, "Despite the sharp rise in the won-dollar exchange rate and the issue of U.S. interest rate hikes, a 0.25 percentage point base rate hike consensus has been formed at the Monetary Policy Board." She added, "Considering this, it is necessary to pay attention to any changes in comments on the Bank of Korea governor's future policy direction during the subsequent press conference."

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