KOSPI Ends Up Over 1%... Won-Dollar Exchange Rate Falls to 1290 Won Range
On the 28th, both the KOSPI and KOSDAQ indices closed higher. In particular, the KOSPI showed a rise of over 1%, settling in the 2520 range.
On that day, the KOSPI index closed at 2521.76, up 26.10 points (1.05%) from the previous session. Individuals and foreigners sold net amounts of 480.9 billion KRW and 94 billion KRW respectively, while institutions bought a net amount of 572.6 billion KRW.
Among the top market capitalization group in the KOSPI market, most stocks closed higher except LG Chem (-0.40%). Samsung Electronics closed at 72,700 KRW, up 1.96%, and Samsung Biologics (3.41%), POSCO Holdings (2.14%), and others also showed strong performance.
Kim Seok-hwan, a researcher at Mirae Asset Securities, explained, "The inflow of foreign investors' net futures purchases expanded the KOSPI's gains," adding, "The slowdown in U.S. housing and manufacturing indicators highlighted the possibility of the Federal Reserve cutting interest rates next year, and the decline in government bond yields and weaker dollar improved the environment for foreign capital inflows." He continued, "The news that Samsung Biologics surpassed 3 trillion KRW in cumulative annual orders led the pharmaceutical sector's rise," and added, "Robot stocks also showed an upward trend reflecting expectations from Samsung Electronics' expansion of its robot business and the announcement of industrial support policies."
The KOSDAQ index closed at 816.44, up 6.19 points (0.76%). Foreigners were net buyers of 115.7 billion KRW, while individuals and institutions were net sellers of 40.3 billion KRW and 36.2 billion KRW respectively.
Most of the top market capitalization group in KOSDAQ also showed strength, with Rainbow Robotics surging 17.77%. Additionally, HPSP (8.72%), Alteogen (8.07%), POSCO DX (3.05%), and others closed strong.
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Meanwhile, in the Seoul foreign exchange market that day, the won-dollar exchange rate closed at 1293.7 won, down 10.1 won.
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