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KOSPI Strengthens at '2670 Level'... Foreigners Stand Alone in Net Buying

KOSPI Strengthens at '2670 Level'... Foreigners Stand Alone in Net Buying On the 2nd, the KOSPI index opened at 2645.88, up 11.63 points (0.44%) from the previous trading day, as employees were working in the dealing room of Hana Bank in Jung-gu, Seoul. On the same day, the won-dollar exchange rate started trading at 1105.2 won, down 1.0 won from the previous trading day. Photo by Kang Jin-hyung aymsdream@


[Asia Economy Reporter Park Jihwan] On the 2nd, the KOSPI continued its strong trend into the afternoon.


As of 2:16 PM on the day, the KOSPI recorded 2,670.47 points, up 36.22 points (1.37%) from the previous trading day.


On this day, the KOSPI opened at 2,645.88, up 11.63 points (0.44%) from the previous close. It then showed an upward trend and at one point surpassed the 2,674 level, setting a new intraday all-time high for the second trading day in a row. The KOSPI had set an all-time intraday high of 2,648.66 on the 30th of last month.


By supply and demand, foreigners led the index rise with net purchases of 377.7 billion KRW. Meanwhile, individuals and institutions net sold 124.4 billion KRW and 242.7 billion KRW, respectively.


Among the top market capitalization companies, Samsung Electronics (+2.51%), SK Hynix (+7.96%), and LG Chem (+3.71%) showed gains. On the other hand, Samsung Biologics (-0.88%), Hyundai Motor (-0.54%), and Kakao (-0.67%) declined.


At the same time, the KOSDAQ stood at 896.52, up 5.23 points (0.59%) from the previous trading day. Individuals net bought 253.6 billion KRW, while foreigners and institutions net sold 43.7 billion KRW and 179.8 billion KRW, respectively.


Among the top market cap stocks, Celltrion Pharm (+2.78%) and HL Biotech (+4.50%) rose, while Alteogen (-3.04%) and Kakao Games (-1.74%) fell.


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