KOSPI Rises 0.4% to Close at 2510 Level... "Favorable Environment for Foreign Investor Demand"

KOSDAQ Closes Up 0.15% at 828.52
EcoPro BM Surges Over 15%

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The KOSPI index closed higher due to simultaneous buying by foreigners and institutions.

On the 4th, the KOSPI index closed at 2514.95, up 9.94 points (0.40%) from the previous trading day. The index opened at 2522.22, up 17.21 points (0.69%), and even rose to 2525.63, but gave up some of the gains. Individuals sold about 412.5 billion KRW worth alone, while foreigners and institutions bought about 256.9 billion KRW and 170.6 billion KRW worth, respectively.

Among the top market capitalization stocks, NAVER (2.18%), Samsung Electronics (0.83%), LG Energy Solution (0.35%), POSCO Holdings (0.21%), and Samsung Biologics (0.14%) rose. LG Chem (-2.77%), Kia (-1.98%), Samsung SDI (-1.68%), SK Hynix (-1.13%), and Hyundai Motor (-0.66%) declined.

By industry, transportation and warehousing (2.24%), securities (1.97%), steel and metals (0.84%), services (0.77%), and electrical and electronics (0.67%) rose, while machinery (-1.41%), medical precision (-0.87%), chemicals (-0.62%), and construction (-0.44%) fell.

Lee Kyung-min, a researcher at Daishin Securities, explained, "The KOSPI index formed a favorable environment for foreign demand due to the market's dovish interpretation of Fed Chair Jerome Powell's remarks at the end of last week, the decline in U.S. Treasury yields, and the drop in the won-dollar exchange rate."

The KOSDAQ index closed at 828.52, up 1.28 points (0.15%) from the previous session. Individuals were the sole net buyers with about 207.9 billion KRW, while foreigners and institutions were net sellers with about 21.4 billion KRW and 177.3 billion KRW, respectively.

Among the top market capitalization stocks, EcoPro BM, which signed a supply contract for high-nickel nickel-cobalt-aluminum (NCA) cathode materials for secondary batteries with Samsung SDI, surged 15.36%. It was followed by L&F (6.63%) and HLB (3.47%). EcoPro (-7.87%), Alteogen (-4.96%), Rainbow Robotics (-3.33%), JYP Ent. (-3.25%), HPSP (-2.11%), Celltrion Healthcare (-0.83%), and POSCO DX (-0.38%) declined.

Meanwhile, the won-dollar exchange rate fell 1.8 won from the previous trading day to 1304.0 won. The dollar showed global weakness due to weak U.S. manufacturing Purchasing Managers' Index (PMI) and expectations of interest rate cuts. However, low-price buying by real demand entities for the dollar acted as a factor supporting the bottom and caused it to rise.

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