KOSPI Closes Strong at 3,220 on Foreign Buying; KOSDAQ Up 0.86%

KOSPI Rises 1.08%
Foreign Investors Drive Gains as All Top 10 Blue Chips Advance
KOSDAQ Also Ends Higher; Sector Performance Mixed

On August 13, the KOSPI closed strong at the 3,220 level, buoyed by foreign investor buying. The KOSDAQ also ended the session on a firm note.

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On this day, the KOSPI finished at 3,224.37, up 1.08% from the previous trading day. The index opened at 3,225.40, up 1.11% from the previous session, briefly dipped, but then extended its gains.

Foreign investors drove the upward momentum by purchasing a net 633.6 billion won. In contrast, individual investors and institutions sold off 659.6 billion won and 81 billion won, respectively.

By sector, medical and precision equipment (2.83%), electricity and gas (1.97%), pharmaceuticals (1.86%), transportation equipment and parts (1.83%), electrical and electronics (1.73%), transportation and storage (1.66%), manufacturing (1.40%), metals (0.94%), machinery and equipment (0.79%), finance (0.73%), securities (0.39%), and insurance (0.22%) rose in that order. On the other hand, food, beverage, and tobacco (-2.18%), construction (-1.97%), telecommunications (-1.02%), entertainment and culture (-0.74%), non-metals (-0.53%), paper and wood (-0.31%), and textiles and apparel (-0.30%) closed lower.

All of the top 10 KOSPI stocks by market capitalization gained. Samsung Electronics rose 1.13%, and SK hynix climbed 3.35%. LG Energy Solution (0.26%), Samsung Biologics (1.86%), Hanwha Aerospace (3.17%), Hyundai Motor (1.41%), KB Financial Group (0.44%), Doosan Enerbility (1.53%), and HD Hyundai Heavy Industries (2.52%) also advanced. In addition, Kia (1.38%), Celltrion (2.09%), and NAVER (0.90%) posted gains.

On the same day, the KOSDAQ closed at 814.10, up 0.86% from the previous session. The index opened at 816.54, up 1.16%, and after a brief early decline, reversed to finish higher. Foreign investors and institutions were net buyers of 9.1 billion won and 24.6 billion won, respectively, while individuals sold off 23.5 billion won.

By sector, pharmaceuticals led the gains with a 2.71% increase, followed by non-metals (1.86%), paper and wood (1.62%), manufacturing (1.18%), machinery and equipment (1.11%), electrical and electronics (0.95%), distribution (0.88%), textiles and apparel (0.85%), and chemicals (0.77%). IT services (-1.89%), metals (-1.33%), telecommunications (-1.20%), transportation and storage (-0.70%), food, beverage, and tobacco (-0.48%), and medical and precision equipment (-0.27%) closed lower.

Among the top KOSDAQ stocks by market capitalization, Alteogen (3.34%), EcoPro BM (1.26%), Peptron (14.24%), EcoPro (0.18%), LegoChem Biosciences (5.34%), HLB (2.20%), ABL Bio (5.70%), and Samchundang Pharm (1.69%) rose, while PharmaResearch (-0.60%), Rainbow Robotics (-0.74%), and Hugel (-3.93%) declined.

Kim Ji-won, a researcher at KB Securities, commented, "The U.S. Consumer Price Index (CPI) issue passed without incident, but it will be important to confirm the Federal Reserve's stance on employment at next week's Jackson Hole meeting." She added, "Domestically, concerns remain regarding the proposed tax reform."

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