KOSPI Slightly Rises on Individual Buying... KOSDAQ at 790 Level

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The KOSPI is showing an upward trend on the 2nd as individual buying demand flows in.

As of 9:46 a.m. on the day, the KOSPI index was trading at 2,423.21, up 7.60 points (0.31%) from the previous trading day. The index opened at 2,427.70, up 12.09 points (0.50%), but later gave up some of the gains. Individuals led the index rise with net purchases worth approximately 73.5 billion KRW, while foreigners and institutions net sold about 30.5 billion KRW and 51 billion KRW, respectively.

Among the top market capitalization stocks, most showed gains. Samsung Electronics and LG Chem, ranked first in market capitalization, fell by 0.34% and 0.64%, respectively. On the other hand, Hyundai Motor rose more than 2%, and LG Energy Solution also increased by 1.73%. Following were NAVER (1.06%), Samsung SDI (1.04%), Kia (1.00%), Samsung Biologics (0.97%), Kakao (0.14%), and SK Hynix (0.11%) showing strength.

By sector, insurance (1.24%), transportation equipment (1.09%), pharmaceuticals (0.85%), construction (0.79%), and food and beverage (0.59%) showed upward trends. Steel and metals (-1.10%) fell the most, followed by electric and gas utilities (-0.65%) and paper and wood (-0.3%). The telecommunications sector remained flat.

Han Ji-young, a researcher at Kiwoom Securities, said, "The domestic stock market is expected to rebound, supported by the perception that the sharp drop due to unexpected negative factors the previous day was excessive, the easing of the sharp decline in the U.S. stock market, and expectations of a peak in the won-dollar exchange rate." On the 2nd, the won-dollar exchange rate surged to the 1,357 won level early in the session, setting a new high, before turning downward.

At the same time, the KOSDAQ index recorded 793.21, up 4.89 points (0.65%) from the previous day. Individuals and institutions bought about 28 billion KRW and 10.2 billion KRW, respectively, while foreigners net sold about 35.3 billion KRW.

Among the top market capitalization stocks, Studio Dragon rose 1.63%, showing the largest gain. Following were EcoPro BM (1.03%), Alteogen (0.99%), and Kakao Games (0.80%) showing strength. On the other hand, EcoPro fell 1.34%, and HLB remained flat.

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