[Asia Economy Reporter Oh Ju-yeon] The domestic stock market, which had plunged with the largest drop since March, showed strength on the morning of the 16th as the KOSPI and KOSDAQ indices each rose by 3%.
The KOSPI, which had sharply fallen to the 2030 level the previous day due to concerns over the potential resurgence of the novel coronavirus infection (COVID-19) and fears of North Korea's military provocations, was trading at 2083.69 as of 9:06 a.m., up 2.60% from the previous trading day. The KOSPI opened at 2091.09 and during the session increased its gains to 3.15% at 2094.69 but has since fluctuated around the 2080 level.
Among the top 10 market capitalization stocks, Samsung Electronics rose 2.20% to 51,000 won compared to the previous trading day, followed by SK Hynix (2.07%), Samsung Biologics (3.47%), NAVER (2.81%), Celltrion (3.47%), and LG Chem (4.09%), with all stocks showing gains.
At this time, individual investors are buying stocks worth 190.9 billion won, driving the index up, while foreigners and institutions continue their selling trend from the previous day. Foreigners sold stocks worth 60.1 billion won, and institutions sold 137.6 billion won.
The KOSDAQ index recorded 716.80, up 3.24% from the previous trading day. The KOSDAQ opened at 716.60 and during the session expanded its gains to 4.08% at 721.44.
Among the top market capitalization stocks, Celltrion Healthcare (5.04%), Celltrion Pharm (5.79%), HL Biopharma (2.56%), and Alteogen (4.47%) rose, with all top 10 market cap stocks showing gains.
In the KOSDAQ market, buying by foreigners and institutions is concentrated. Foreigners and institutions purchased stocks worth 27.5 billion won and 10.4 billion won respectively, while individual investors net sold stocks worth 38.1 billion won.
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