US Tech Stocks 'Tailwind' Lead Domestic Market to Steady Start... KOSDAQ Touches 950

by Gi Yeonjin

Published 05 Apr.2022 09:14(KST)

Updated 05 Apr.2022 09:16(KST)

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] The domestic stock market started higher on the 5th as risk asset preference revived, with US tech stocks showing strength.

The KOSPI index opened at 2765.50, up 7.60 points (0.28%) from the previous day, but the rise has somewhat narrowed due to selling pressure from foreigners and institutions.

As of 9:05 AM, the index was at 2762.90, up 5 points (0.18%) from the previous day. Individuals led the upward trend with net purchases worth approximately 48.8 billion KRW, while foreigners and institutions made net purchases of about 28.5 billion KRW and 19.4 billion KRW, respectively.

The KOSDAQ index also started higher at 950.89, up 3.57 points (0.38%). At the same time, individuals made net purchases of 31.7 billion KRW, while foreigners and institutions made net sales of about 26 billion KRW and 3.3 billion KRW, respectively.