KOSPI Rises 0.7% on Foreign and Institutional Dual Buying... KOSDAQ Also Up 0.8%

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The KOSPI index is on the rise due to simultaneous buying by foreigners and institutions.

As of 9:22 a.m. on the 8th, the KOSPI index was trading at 2,508.72, up 16.65 points (0.67%) from the previous trading day. The index opened at 2,510.24, up 18.17 points (0.73%) for the day. Individuals were the sole net sellers with about 53.5 billion KRW, while foreigners and institutions were net buyers with about 30.3 billion KRW and 25.4 billion KRW, respectively.

Among the top market capitalization stocks, most showed gains. POSCO Holdings rose 2.80%, NAVER 2.35%, and SK Hynix 2.31%.

By sector, steel and metals led the gains with 1.84%, followed by machinery at 0.94%, pharmaceuticals at 0.93%, and electrical and electronics at 0.84%. The electric and gas utilities sector recorded a decline of 0.57%.

On the 7th (local time), the U.S. stock market closed higher ahead of the employment report announcement, buoyed by Alphabet’s unveiling of a new artificial intelligence (AI) language model and AMD’s new product launch. The Dow Jones Industrial Average rose 62.95 points (0.17%) to 36,117.38, the large-cap S&P 500 index gained 36.25 points (0.8%) to 4,585.59, and the tech-heavy Nasdaq index closed up 193.28 points (1.37%) at 14,339.99.

At the same time, the KOSDAQ index rose 6.34 points (0.78%) to 819.54. Individuals and institutions bought about 10.2 billion KRW and 14.1 billion KRW worth of shares, respectively, while foreigners sold about 20 billion KRW.

Among the top market capitalization stocks, HPSP rose 3.55%, Celltrion Pharm 3.33%, and Celltrion Healthcare 2.00%.

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