KOSPI Gains Over 1% Intraday on Dual Buying by Institutions and Foreigners

Following the simultaneous rise of the three major U.S. stock indices the previous day, the domestic stock market started on an upward trend on the 16th. The KOSPI opened with an increase of more than 50 points, and the KOSDAQ also began with a rise of over 10 points. Employees are working in the dealing room at the Hana Bank headquarters in Euljiro, Seoul, while various indices are displayed on the electronic board. Photo by Heo Younghan younghan@

The KOSPI index is showing a strong intraday gain of over 1%, supported by combined buying from institutions and foreigners.

As of 9:56 AM on the 16th, the KOSPI index is trading at 2684.92, up 1.53% from the previous day.

By investor type, institutions and foreigners are net buyers with 192.4 billion KRW and 432 billion KRW respectively, driving the index higher, while individuals are net sellers with 614.5 billion KRW. In the futures market, foreigners and individuals are net buyers with 277.4 billion KRW and 16.7 billion KRW respectively, whereas institutions are net sellers with 337 billion KRW.

More sectors are rising than falling. The machinery sector is up 2.88%, followed by electrical and electronics 2.54%, medical precision 2.04%, manufacturing 1.92%, distribution 1.72%, transportation equipment 1.71%, pharmaceuticals 1.29%, securities 1.28%, transportation and warehousing 1.01%, finance 1.01%, and chemicals 0.96%. On the other hand, food and beverages are down 2.64%, and non-metallic minerals are down 0.3%.

Most of the top market capitalization stocks are showing gains. Samsung Electronics is up 2.07%, SK Hynix surged 5.41%, LG Energy Solution 1.34%, Hyundai Motor 4.56%, Celltrion 2.52%, Kia 2.25%, POSCO Holdings 0.75%, Shinhan Financial Group 1.09%. Meanwhile, Samsung Biologics is down 0.11%, and KB Financial Group is flat.

At the same time, the KOSDAQ index is also showing strength, supported by buying from institutions and foreigners. The KOSDAQ index is trading at 786.97, up 1.31% from the previous day. By investor type, institutions and foreigners are net buyers with 8.3 billion KRW and 42.8 billion KRW respectively, while individuals are net sellers with 40.5 billion KRW.

Most of the top market capitalization stocks are showing gains. Ecopro BM 0.7%, Alteogen 1.88%, Ecopro 0.33%, HLB 1.05%, Enchem 13.51%, Samchundang Pharm 4.82%, Hugel 2.65%, Lino Industrial 3.78%, Rigakem Bio 0.44%, Celltrion Pharm 0.52%, Classys 1.58%. Meanwhile, Pearl Abyss is down 0.33%.

Meanwhile, in the Seoul foreign exchange market, the KRW/USD exchange rate is trading at 1362.2 won, up 4.1 won from the previous day.

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