KOSPI and KOSDAQ Rise Together Amid Positive Momentum in US Stock Market

Published 08 May.2023 09:41(KST)

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The KOSPI and KOSDAQ are showing strong gains in early trading. This is attributed to the significant rise in the New York stock market during the previous trading day.

As of 9:13 a.m. on the 8th, the KOSPI is at 2,519.41, up 18.47 points (0.74%) compared to the previous trading day. Individuals and foreigners net bought 1.8 billion KRW and 71.9 billion KRW respectively. Institutions net sold 63.5 billion KRW.

On the 5th local time, the Dow rose 1.65%, the S&P 500 increased 1.85%, and the Nasdaq surged 2.25% in the New York stock market. Employment indicators showed strength with increases in non-farm jobs and a decrease in the unemployment rate, boosting expectations for economic recovery and driving the indices higher.

[Image source=Yonhap News]

In particular, large-cap stocks such as Apple (4.69%) and Tesla (5.50%) rose sharply, influencing the index gains.

Among the top 10 KOSPI market capitalization stocks, NAVER rose 1.99%, Samsung Electronics Preferred 1.28%, Kia 1.28%, Samsung Electronics 1.23%, LG Chem 1.09%, Hyundai Motor 0.9%, SK Hynix 0.56%, LG Energy Solution 0.35%, Samsung SDI 0.29%, and Samsung Biologics 0.25%.

The KOSDAQ is at 851.65, up 6.59 points (0.78%) from the previous trading day. Institutions and individuals net bought 7.6 billion KRW and 60.7 billion KRW respectively. Foreigners net sold 64.7 billion KRW.

Among the top 10 KOSDAQ market capitalization stocks, HLB rose 2.86%, Celltrion Healthcare 2.26%, Pearl Abyss 1.34%, L&F 1.18%, Kakao Games 1.13%, and Celltrion Pharm 0.98%. EcoPro BM fell 2.0%, EcoPro 1.17%, and JYP Ent. 0.74%.