KOSPI Rises 0.6% on Buying by Individuals and Institutions... Surpasses 2600 Mark

The KOSPI index is showing an upward trend due to the 'buying' by individuals and institutions.

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As of 9:21 a.m. on the 14th, the KOSPI index was trading at 2,607.09, up 15.86 points (0.61%) from the previous trading day. Individuals and institutions net bought approximately 12.8 billion KRW and 31.3 billion KRW respectively, while foreigners net sold about 43.8 billion KRW.

Among the top market capitalization stocks, SK Hynix (2.45%), POSCO Holdings (1.97%), Hyundai Motor (1.23%), and Samsung Electronics (0.97%) rose in that order. On the other hand, LG Chem (-0.60%), Samsung SDI (-0.42%), and Samsung Biologics (-0.27%) declined.

By industry sector, insurance (1.96%), steel & metals (1.38%), paper & wood (1.34%), and financials (1.14%) showed strength. Meanwhile, machinery (-1.14%), textiles & apparel (-0.68%), electric & gas utilities (-0.57%), and non-metallic minerals (-0.52%) fell.

On the 13th (local time), the Dow Jones Industrial Average closed at 34,395.14, up 47.71 points (0.14%) from the previous session. The large-cap focused S&P 500 index ended at 4,510.04, up 37.88 points (0.85%). The tech-heavy Nasdaq index closed at 14,138.57, rising 219.61 points (1.58%).

The June Consumer Price Index (CPI) rose 3.0% year-on-year, falling short of market expectations, and the June Producer Price Index (PPI) increased by 0.1% year-on-year, the smallest rise since August 2020. This was below the forecast of 0.4% and smaller than the 0.9% increase in May. Following the CPI, the PPI also indicated a slowing inflation trend, leading to claims that the Federal Reserve's monetary tightening policy is nearing its end.

At the same time, the KOSDAQ index rose 2.74 points (0.31%) from the previous trading day to 895.81. Individuals and institutions net bought about 141.3 billion KRW and 3.7 billion KRW respectively, while foreigners net sold approximately 138.6 billion KRW.

Among the top market capitalization stocks, POSCO DX (3.76%), Celltrion Pharm (2.62%), Celltrion Healthcare (1.65%), and EcoPro (0.84%) rose. JYP Ent. fell by 0.30%.

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