KOSPI Hits 2700 Level After 6 Trading Days... Institutions and Foreigners Buy 220 Billion Won

Strong Performance Across All Sectors Including Textile & Apparel, Insurance, and Finance
Institutions and Foreigners Net Buy Totaling 221.7 Billion KRW
KOSDAQ Index Rises 0.70%, Led by Individual Investors' Buying

The KOSPI index recovered above the 2700 level for the first time in six trading days.

As of 9:16 a.m. on the 7th, the KOSPI is trading at 2729.10, up 39.60 points (1.47%) from the previous trading day. The KOSPI index opened at 2718.25, up 28.75 points from the previous day, and has been rising as buying momentum flows in after the market opened. This is the first time the KOSPI has surpassed the 2700 mark since the 29th of last month.

By investor type, foreigners purchased 184.6 billion KRW and institutions bought 37.1 billion KRW, totaling 221.7 billion KRW. On the other hand, individual investors sold 219.4 billion KRW.

By sector, textiles and apparel (2.73%), insurance (2.62%), financials (2.46%), machinery (1.89%), and food and beverages (1.84%) are showing strong performance. Moreover, all sectors are on the rise.

610 stocks are rising, 217 stocks are falling, and 93 stocks are unchanged. All of the top 10 stocks by market capitalization are increasing. Samsung Electronics (0.78%), SK Hynix (4.80%), LG Energy Solution (1.56%), KB Financial Group (2.84%), POSCO Holdings (1.05%), and Kia (1.26%) are all recording gains exceeding 1%.

The U.S. stock market closed mixed the previous day. The S&P 500 and Nasdaq indices initially continued their early gains following the European Central Bank (ECB)'s interest rate cut news but then turned downward, fluctuating throughout the session. Both indices appeared to be taking a breather after hitting record highs the day before.

The KOSDAQ index is trading at 856.72, up 5.97 points (0.70%) from the previous close.

Unlike the KOSPI, individual investors are net buyers of 20.9 billion KRW. Meanwhile, foreigners and institutions are net sellers of 10.4 billion KRW and 4.9 billion KRW, respectively.

Among 938 rising stocks, 565 are falling, and 142 are unchanged. Among the top market cap stocks, Alteogen is up 6.30%, Silicon투 (4.10%), and Hugel (6.95%) are also showing strong momentum. Conversely, HLB (-2.18%), Enchem (-2.04%), and Classys (-1.81%) are weak.

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