Foreigners 'Saja'... KOSPI Recovers to 2760 Level
The KOSPI index recovered to the 2760 level due to the influx of foreign buying demand.
As of 9:32 a.m. on the 18th, the KOSPI was trading at 2768.58, up 24.48 points (0.89%) from the previous trading day. The index started the day at 2765.70, up 21.60 points (0.79%), and continues to rise. Currently, foreigners are net buying 121.9 billion KRW, and institutions are net buying 13.3 billion KRW. Individuals sold off 124.6 billion KRW.
Among the top market capitalization stocks, SK Hynix (2.69%), Hyundai Motor (2.51%), Samsung Electronics (2.43%), and Kia (1.55%) are rising. Meanwhile, KB Financial (-0.77%), Celltrion (-0.72%), Shinhan Financial Group (-0.65%), and Hana Financial Group (-0.51%) are declining.
By sector, electricity and gas (3.45%), electrical and electronics (2.02%), transportation and warehousing (1.44%), manufacturing (1.21%), and transportation equipment (1.05%) sectors are rising. Conversely, food and beverages (-1.16%), insurance (-1.09%), textiles and apparel (-0.74%), and finance (-0.62%) sectors are falling.
On the 17th (local time) at the New York Stock Exchange (NYSE), the blue-chip-focused Dow Jones Industrial Average closed at 38,778.1, up 188.94 points (0.49%) from the previous trading day. The large-cap S&P 500 index rose 41.63 points (0.77%) to 5,473.23, and the tech-heavy Nasdaq index closed at 17,857.02, up 168.14 points (0.95%).
The U.S. stock market started lower due to hawkish remarks from Federal Reserve (Fed) officials suggesting one rate cut this year is appropriate, but ended higher as technology and artificial intelligence (AI)-related stocks continued to strengthen.
At the same time, the KOSDAQ index recorded 860.51, up 1.55 points (0.189%) from the previous session. The index opened at 863.32, up 4.36 points (0.51%), and remains in an upward trend. Individuals bought 33.6 billion KRW, while foreigners and institutions sold 29.0 billion KRW and 1.4 billion KRW, respectively.
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Among the top market capitalization stocks, Daejoo Electronic Materials (3.27%), Dongjin Semichem (3.19%), Samchundang Pharm (1.89%), Silicon Two (1.73%), and Soulbrain (1.32%) are rising. On the other hand, Hugel (-3.00%), Enchem (-2.17%), Celltrion Pharm (-1.29%), and JYP Ent. (-0.52%) are declining.
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