KOSPI Rises on US Rebound... Foreigners and Institutions Lead Net Buying

The KOSPI is rising on the back of a rebound in the U.S. stock market. Foreign investors and institutions are jointly net buying, driving the index higher.

As of 9:40 a.m. on the 2nd, the KOSPI recorded 2,576.63, up 34.17 points (1.34%) compared to the previous trading day.

Although Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), dismissed speculation of a rate cut in March, causing the New York stock market to plunge the previous day, the market closed higher due to a rally in tech stocks and inflows of rebound buying. On the 1st (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 376.54 points (0.97%) to 38,519.84. The large-cap S&P 500 index increased by 60.54 points (1.25%) to 4,906.19, and the tech-heavy Nasdaq index closed at 15,361.64, up 197.63 points (1.3%).

The domestic market is being lifted as foreign investors and institutions are jointly net buying along with the U.S. market rebound. By investor type, foreigners and institutions are net buying 414.3 billion KRW and 76.4 billion KRW respectively. Meanwhile, individuals are net selling 472 billion KRW.

By sector, the service sector is up 3.51%. Transportation equipment, medical precision, and textiles/apparel are also rising more than 2%. Additionally, machinery, manufacturing, electrical/electronics, chemicals, steel and metals, transportation and warehousing, pharmaceuticals, and food and beverages are all up more than 1%. On the other hand, construction is down 2.36%.

Among the top market capitalization stocks, Samsung Electronics is trading at 74,700 KRW, up 1,100 KRW (1.49%) from the previous trading day. NAVER is up 6.42%, and LG Chem has risen 4.53%. Hyundai Motor and Kia are up more than 3%, and Celltrion is up 2.18%. SK Hynix, LG Energy Solution, and POSCO Holdings have also risen more than 1%. Conversely, Samsung C&T is down 1.55%.

The KOSDAQ recorded 814.82, up 16.09 points (2.01%).

By investor type, foreigners and institutions are net buying 45.2 billion KRW and 8.3 billion KRW respectively, while individuals are net selling 47.4 billion KRW.

Most sectors are rising. Paper and wood products and semiconductors are up more than 3%. Digital content, chemicals, software, and transportation equipment parts are up more than 2%, while IT parts, publishing and reproduction, telecommunications equipment, and machinery equipment are up more than 1%. On the other hand, transportation is slightly down.

Among the top market capitalization stocks, EcoPro BM is trading at 228,500 KRW, up 500 KRW (0.22%) from the previous trading day. Enchem and Shinseong Delta Tech have jumped more than 7%, and HLB is up 6.93%. Celltrion Pharm is up 3.67%. Additionally, Lino Industrial and JYP Ent. are also up more than 2%.

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