KOSPI Holds at 2730 Level in Afternoon... Clear Net Buying by Foreigners

The KOSPI surpassed the 2700 mark for the first time in history. On the 4th, the KOSPI opened at 2705.34, up 9.12 points (0.34%) from the previous session. The photo shows the Hana Bank dealing room in Jung-gu, Seoul, that morning. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Geum Bo-ryeong] On the morning of the 4th, the KOSPI broke through the 2700-point mark and maintained this level in the afternoon, supported by net buying from foreign investors.

As of 12:30 PM on the same day, the KOSPI stood at 2734.55, up 1.42% (38.33 points) compared to the previous trading day.

The KOSPI opened at 2705.34, up 0.34% (9.12 points) from the previous day, and continued to increase its gains. During the session, it even rose to 2742.77 at one point.

In the KOSPI market, foreign investors net bought 552.4 billion KRW. Meanwhile, individual and institutional investors net sold 384.5 billion KRW and 165.9 billion KRW, respectively. Over the past month, foreign investors' net buying has been clearly evident. From the 2nd of last month until the day before, foreign investors purchased 5.797 trillion KRW worth of stocks in the KOSPI market.

Among the top market capitalization stocks, Samsung Electronics (3.3%), SK Hynix (4.93%), LG Chem (0.71%), Samsung Biologics (2.11%), and Celltrion (7.69%) rose.

In particular, Samsung Electronics reached an all-time high intraday price of 72,100 KRW. SK Hynix also rose to 119,500 KRW, approaching the 120,000 KRW mark.

At the same time, the KOSDAQ index was at 910.67, up 0.34% (3.06 points) from the previous day. The KOSDAQ opened at 909.99, up 0.26% (2.38 points) from the previous trading day, and continued its strong performance.

In the KOSDAQ market, individual investors net bought 156.2 billion KRW, while foreign and institutional investors net sold 55 billion KRW and 78.5 billion KRW, respectively.

Among the top 10 companies by market capitalization, Celltrion Healthcare (8.83%), Celltrion Pharm (0.72%), Seegene (4.91%), Kakao Games (3.22%), and Genexine (4.35%) rose. Conversely, LHLB (0.52%) and Alteogen (1.41%) declined.