KOSPI Starts Higher and Maintains Strength... KOSDAQ Reverses to Decline

[Asia Economy Reporter Jang Hyowon] The KOSPI index is continuing its upward trend after starting higher.

As of 9:48 a.m. on the 23rd, the KOSPI index is trading at 2,426.37, up 7.68 points (0.32%) from the previous day.

On the 5th, the KOSPI opened at 2268.20, up 12.22 points (0.54%) from the previous trading day, as employees worked in the dealing room of Hana Bank in Jung-gu, Seoul. The won-dollar exchange rate started at 1271.0 won, down 0.7 won from the previous trading day. Photo by Kim Hyun-min kimhyun81@

On this day, the KOSPI index opened at 2,430.01, up 12.33 points (0.51%) from the previous day. Although the New York stock market showed mixed results following the release of the Federal Open Market Committee (FOMC) minutes the day before, the KOSPI index rose as buying volume came in to recover the previous day's losses.

By investor type, institutions and individuals were net buyers of 26.1 billion KRW and 15.6 billion KRW respectively, while foreigners recorded net sales of 43 billion KRW. However, in the futures market, institutions sold 51.9 billion KRW and individuals sold 95.1 billion KRW, whereas foreigners bought 141.8 billion KRW.

By sector, more sectors are rising. The insurance sector is up 1.92%, transportation and warehousing 1.76%, food and beverages 1.17%, finance 0.8%, transportation equipment 0.48%, electrical and electronics 0.55%, services 0.39%, and securities 0.19%. On the other hand, non-metallic minerals are down 2.08%, and steel and metals are also weak, down 1.78%.

Top market capitalization stocks are showing mixed trends. Semiconductor leaders Samsung Electronics and SK Hynix are up 0.82% and 2.02% respectively, while Hyundai Motor and Kia are also strong, up 1.09% and 1.61%. Conversely, LG Energy Solution is down 0.59%, LG Chem -0.6%, and Samsung SDI -2.19%.

At the same time, the KOSDAQ index turned downward after starting higher. The KOSDAQ index is trading at 774.79, down 3.78 points (-0.49%) from the previous day.

By investor type, institutions and individuals are net buyers of 31.5 billion KRW and 59.6 billion KRW respectively, while foreigners are net sellers of 85.9 billion KRW.

Among the top market capitalization stocks, second battery-related stocks are falling, weighing down the overall market. EcoPro BM, the largest KOSDAQ stock by market cap, is down 4.11%, L&F -5.32%, and EcoPro -4.21% are also weak. Meanwhile, Celltrion Healthcare is slightly up by 0.18%, and HLB, Kakao Games 0.31%, and Pearl Abyss 0.66% are showing strength.

Meanwhile, at this time in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1,304.6 won, down 0.3 won from the previous day.

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