KOSPI Starts Higher on Rebound Buying Pressure... Returns to 2370 Level

[Image source=Yonhap News]

[Asia Economy Reporter Myung-Hwan Lee] On the 20th, the KOSPI started higher, returning to the 2370 level in the early session. The KOSDAQ index is also showing a rise of over 1%.

As of 9:10 a.m. that day, the KOSPI was at 2374.86, up 0.82% (19.20 points) from the previous trading day. The KOSPI opened at 2373.64, up 0.76% (17.98 points), and is gradually increasing its upward momentum.

In the securities market, foreign investors are selling alone worth 84.4 billion KRW. Meanwhile, institutional and individual investors are net buying 78 billion KRW and 4.8 billion KRW, respectively.

Among the top market capitalization stocks on the KOSPI, LG Energy Solution is trading at 483,500 KRW, up 1.26% (6,000 KRW) from the previous day, partially recovering from the previous day's decline. Samsung Electronics is also up 0.71% (400 KRW), trading at 56,800 KRW. Only LG Chem is down 0.47% (3,000 KRW), trading at 632,000 KRW compared to the previous day.

At the same time, the KOSDAQ index is at 760.47, up 1.14% (8.56 points) from the previous trading day. The KOSDAQ index started at 758.35, up 0.86% (6.44 points) that day.

Foreign investors are also net selling 30.1 billion KRW alone in the KOSDAQ market. Meanwhile, individual and institutional investors are buying 20.3 billion KRW and 8.7 billion KRW, respectively.

All of the top 10 market capitalization stocks on the KOSDAQ are on the rise. Game-related stocks such as Kakao Games (2.19%) and Pearl Abyss (2.02%), as well as bio-related stocks centered on HLB (1.80%), Alteogen (1.32%), and Celltrion Healthcare (1.19%), are increasing.

On this day, the domestic stock market is expected to rise due to a rebound buying wave following recent declines. Sang-Young Seo, Head of Media Content at Mirae Asset Securities, said, "Ahead of the Federal Open Market Committee (FOMC), the dollar's strength and rising government bond yields may increase volatility, which is a burden," but added, "there is also strong rebound buying sentiment following recent declines."

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