KOSPI Rises 1% Despite Jackson Hole Concerns... KOSDAQ Also Up
On August 22, despite the weak performance of the New York Stock Exchange and concerns over the direction of the US base interest rate, the domestic stock market opened the session with gains of over 1%.
As of 9:20 a.m. on this day, the KOSPI was trading at 3,174.07, up 32.33 points (1.03%) from the previous day. The index started the session at 3,165.41, up 23.67 points (0.75%) from the previous close, and continued to widen its gains.
While foreign investors made net purchases of 78.4 billion KRW, individual investors and institutions recorded net sales of 69.7 billion KRW and 10.7 billion KRW, respectively.
Most of the top market capitalization stocks were strong. Hanwha Aerospace (4.80%), Doosan Enerbility (2.11%), HD Hyundai Heavy Industries (1.80%), Samsung Electronics (1.42%), NAVER (1.35%), Samsung Biologics (1.08%), and Kia (1.06%) were all rising, while LG Energy Solution (-0.67%) was declining.
At the same time, the KOSDAQ was trading at 784.72, up 7.48 points (0.96%). Previously, the index opened at 778.77, up 1.53 points (0.20%), and continued to expand its gains.
While individual investors alone sold 19.1 billion KRW, foreign investors and institutions bought 24.6 billion KRW and 0.9 billion KRW, respectively.
The top market capitalization stocks on the KOSDAQ showed a mixed trend. Rainbow Robotics (3.35%), Alteogen (2.47%), Legochem Bio (2.01%), Samchundang Pharm (1.27%), PharmaResearch (0.74%), and HLB (0.51%) were strong, while Ecopro BM (-0.69%), Peptron (-0.47%), and Ecopro (-0.09%) were declining.
By industry, aerospace (+4.54%), electrical equipment (+4.33%), non-ferrous metals (+2.98%), and healthcare technology (+2.00%) were on the rise. On the other hand, furniture (-1.12%), freight transportation (-1.12%), and chemicals (-0.49%) were weak.
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In the Seoul foreign exchange market, the KRW/USD exchange rate opened at 1,400.0 KRW, up 1.6 KRW from the previous day.
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