Early session KOSPI index rises to 2480s... KOSDAQ also on the rise
Amid a three-week rally in global stock markets led by the United States, the KOSPI opened higher on the 20th.
As of 9:29 a.m., the KOSPI index was trading at 2480.16, up 10.31 points (0.42%) from the previous trading day. The index started at 2464.72, down 5.13 points (0.21%), but quickly rebounded. Foreign investors and individuals sold approximately 12.1 billion KRW and 35.8 billion KRW respectively, while institutions net bought 47.5 billion KRW.
Among the top market capitalization stocks, POSCO Future M rose 4.37%, Samsung SDI 3.94%, LG Chem 3.00%, SK Innovation 2.65%, and POSCO Holdings 2.55%. Conversely, Hyundai Mobis (-1.96%), KB Financial Group (-1.83%), Kia (-1.29%), and Hyundai Motor (-1.08%) declined.
By sector, machinery (1.17%), steel and metals (1.04%), chemicals (0.85%), and electrical and electronics (0.84%) were up. Meanwhile, textiles and apparel (-0.84%), food and beverages (-0.41%), medical precision (-0.38%), and electric and gas utilities (-0.25%) sectors were down.
On the 17th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 34,947.28, up 0.01% (1.81 points) from the previous day. The Standard & Poor’s 500 (S&P 500) index rose 0.13% (5.78 points) to 4514.02, and the Nasdaq index increased 0.08% (11.81 points) to 14,125.48. The U.S. stock market marked its longest rally since July, closing higher for three consecutive weeks.
At the same time, the KOSDAQ index rose 5.81 points (0.73%) to 804.87. Foreign investors purchased stocks worth 28.4 billion KRW, while individuals and institutions sold 3 billion KRW and 21.8 billion KRW respectively.
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Among the top market capitalization stocks, ISC (-4.39%), EO Technics (-2.22%), HPSP (-1.75%), and Rino Industrial (-1.27%) declined. On the other hand, JYP Entertainment (JYP Ent.) rose 3.99%, EcoPro BM 3.36%, EcoPro 2.03%, L&F 2.03%, and Pearl Abyss 1.57% were up.
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