Impact of US Stock Market Rise... KOSPI and KOSDAQ Show Early Gains

[Asia Economy Reporter Minji Lee] Influenced by the rise in the US stock market, the KOSPI and KOSDAQ indices are showing an upward trend in the early trading session.

At 9:21 a.m. on the 11th, the KOSPI stood at 2359.22, up 0.34% (7.91 points) compared to the previous trading day. The KOSPI opened at 2364.05, up 0.54% (12.74 points) from the previous day. In the market, foreigners net bought stocks worth 10.7 billion KRW, while institutions and individuals sold stocks worth 3.5 billion KRW and 5.9 billion KRW, respectively.

With the US December Consumer Price Index (CPI) announcement approaching, the rise is analyzed to be influenced by the US stock market's increase. Sangyoung Seo, a researcher at Mirae Asset Securities, explained, "The US stock market's strength despite recession concerns and rising Treasury yields is positive for the domestic stock market," adding, "Ahead of the CPI announcement, a stock market reflecting a wait-and-see stance and earnings expectations will unfold."

Looking at the top market capitalization stocks, most are on the rise. Samsung Electronics rose 0.3% to trade at 60,900 KRW. LG Energy Solution (0.21%), SK Hynix (1.85%), Samsung Biologics (0.38%), LG Chem (0.16%), Samsung SDI (2.12%), Hyundai Motor (0.92%), NAVER (2.85%), and Kakao (2.14%) are also showing upward trends.

At the same time, the KOSDAQ index stood at 703.93, up 1.13% (7.88 points) from the previous trading day. The index opened at 701.29, up 0.75% (5.24 points) from the previous day, showing a strong upward trend. In the market, foreigners and institutions bought stocks worth 3.5 billion KRW and 6.7 billion KRW, respectively, while individuals alone sold stocks worth 9.4 billion KRW.

The top market capitalization stocks in the KOSDAQ market are also on the rise. EcoPro BM (1.66%), Celltrion Healthcare (1.4%), L&F (1.87%), HLB (1.3%), Kakao Games (1.15%), EcoPro (1.65%), Pearl Abyss (1.32%), and Rino Industries (1.43%) are all showing upward trends.

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