KOSPI, Foreign and Institutional Investors Jointly Net Buy... Up 2%
The KOSPI is rising more than 2% due to combined net buying by foreigners and institutions.
As of 9:39 a.m. on the 11th, the KOSPI recorded 2,451.48, up 48.90 points (2.04%) from the previous trading day.
Today's KOSPI increase is interpreted as a rebound following the rise in the U.S. stock market and the previous day's decline. On the 10th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average, centered on blue-chip stocks, closed at 33,739.30, up 134.65 points (0.40%) from the previous trading day. The large-cap S&P 500 index rose 22.58 points (0.52%) to 4,358.24. The tech-heavy Nasdaq index closed at 13,562.84, up 78.61 points (0.58%).
The rise in the U.S. stock market was driven by a decline in bond yields. Geopolitical risks from the Middle East strengthened the preference for safe-haven assets. In the New York bond market, the benchmark 10-year yield fell to around 4.65%. The 2-year yield, sensitive to monetary policy, dropped to around 4.95%.
By investor type, foreigners and institutions net bought 52.3 billion KRW and 144.5 billion KRW, respectively. In contrast, individuals net sold 196.9 billion KRW.
Most sectors are rising, with the electrical and electronics and medical precision sectors up 3.29% and 3.14%, respectively. Manufacturing, chemicals, and machinery also rose more than 2%. On the other hand, insurance and telecommunications showed slight declines.
Among the top market capitalization stocks, Samsung Electronics traded at 68,500 KRW, up 2,100 KRW (3.16%) from the previous trading day. LG Energy Solution is up 5.23%, while LG Chem and POSCO Future M rose more than 3%. SK Hynix, POSCO Holdings, and NAVER are also up more than 2%. Meanwhile, KB Financial is slightly down.
The KOSDAQ recorded 813.61, up 18.61 points (2.34%) from the previous trading day.
By investor type, individuals and institutions net sold 27.5 billion KRW and 1.3 billion KRW, respectively. Institutions net bought 30.8 billion KRW.
All sectors are rising. Software and semiconductors are up more than 3%. Machinery equipment, computer services, other manufacturing, and digital content are also rising more than 2%.
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Among the top market capitalization stocks, EcoPro BM traded at 229,000 KRW, up 6,000 KRW (2.69%) from the previous trading day. Alteogen and SM are up more than 4%, while EcoPro and HPSP are also rising more than 3%.
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