KOSPI Steady Around 2560 Level... KOSDAQ Rises 1%

Starting with a 0.2% Rise, Then Falling and Turning Upward
KOSDAQ Rises on Foreign and Institutional Buying Pressure

Image source=Yonhap News

On the morning of the 18th, the KOSPI index remained flat in early trading.

As of 9:26 a.m., the KOSPI index was trading at 2,564.53, up 0.97 points (0.04%) from the previous trading day. The index opened at 2,568.77, up 5.21 points (0.20%), then fluctuated between declines and gains. Individual investors were net buyers worth approximately 139.4 billion KRW, while foreigners and institutions were net sellers of about 91.7 billion KRW and 52.8 billion KRW, respectively.

Among the top market capitalization stocks, POSCO Holdings rose 3.12%, followed by LG Energy Solution at 0.83%. Conversely, Naver (NAVER) fell 1.11%, Hyundai Motor dropped 0.83%, and SK Hynix declined 0.36%.

By sector, steel and metals increased 1.85%, pharmaceuticals rose 1.53%, and transportation and warehousing went up 1.26%. Meanwhile, construction fell 0.83%, insurance dropped 0.79%, and transportation equipment declined 0.78%.

With diminishing market expectations for an interest rate cut, the U.S. stock market closed mixed on the 15th (local time). The Dow Jones Industrial Average rose 56.81 points (0.15%) to 37,305.16, the large-cap S&P 500 index fell 0.36 points (0.01%) to 4,719.19, and the tech-heavy Nasdaq index closed up 52.36 points (0.35%) at 14,813.92.

At the same time, the KOSDAQ index rose 8.37 points (1.00%) to 846.68. Individual investors were net sellers worth about 18.1 billion KRW, while foreigners and institutions were net buyers of approximately 19.9 billion KRW and 6.8 billion KRW, respectively.

Among the top market capitalization stocks, EcoPro rose 4.66%, Alteogen increased 3.39%, and Celltrion Pharm went up 2.95%. Meanwhile, L&F fell 0.64%.

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