Foreigners and Institutions 'Buyers' Push KOSPI Back to 2610 Level... KOSDAQ Also on the Rise

The KOSPI index is on the rise on the 7th due to buying pressure from foreigners and institutions.

Employees are working in the dealing room of Hana Bank in Myeongdong, Seoul. Photo by Younghan Heo younghan@

As of 9:49 a.m. that day, the KOSPI index was trading at 2,613.40, up 37.20 points (1.44%) from the previous trading day. The KOSPI index opened at 2,592.59, up 16.39 points (0.64%), and extended its gains. Foreigners bought 124.4 billion KRW, and institutions purchased 267.5 billion KRW. Individuals sold alone, offloading 379 billion KRW.

Among the top market capitalization stocks, POSCO Future M (6.73%), Hyundai Mobis (5.01%), POSCO Holdings (4.46%), Samsung SDI (4.14%), LG Energy Solution (4.11%), Hyundai Motor (3.40%), Hana Financial Group (2.76%), Samsung C&T (2.51%), KB Financial Group (2.38%), and Kakao (2.04%) are rising. In contrast, Samsung Biologics (-1.42%) and SK Hynix (-0.29%) are declining.

By sector, steel and metal (2.86%), transportation equipment (2.38%), finance (1.95%), textiles and apparel (1.98%), electric and gas utilities (1.73%), insurance (1.72%), and electrical and electronics (1.69%) rose. Meanwhile, medical precision (-0.93%), pharmaceuticals (-0.24%), and paper and wood (-0.07%) sectors declined.

On the 6th (local time), the three major U.S. stock indices closed slightly higher, supported by strong corporate earnings despite expectations of a delayed Fed interest rate cut. At the New York Stock Exchange (NYSE) that day, the blue-chip-focused Dow Jones Industrial Average closed at 38,521.36, up 141.24 points (0.37%) from the previous session. The large-cap S&P 500 index rose 11.42 points (0.23%) to 4,954.23, and the tech-heavy Nasdaq index gained 11.32 points (0.07%) to close at 15,609. Among the 11 sectors within the S&P 500, nine sectors excluding technology and telecommunications all rose. Materials, real estate, and health-related stocks increased by more than 1%.

At the same time, the KOSDAQ index recorded 816.01, up 8.98 points (1.11%) from the previous session. The index opened at 811.51, up 4.48 points (0.56%), and continued its upward trend. Institutions and individuals net bought 20.2 billion KRW and 9.3 billion KRW, respectively. Foreigners sold 28.2 billion KRW.

Among the top market capitalization stocks, Ecopro (13.36%), Ecopro BM (9.26%), Shinseong Delta Tech (5.67%), LS Materials (3.03%), HLB (2.84%), and Rainbow Robotics (1.52%) are on the rise. Conversely, Enchem (-4.06%), HPSP (-2.71%), Eotechniques (-2.07%), Dongjin Semichem (-1.40%), Soulbrain (-1.27%), Hugel (-1.14%), and Lino Industrial (-0.25%) are falling.

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