[Asia Economy Reporter Park Jihwan] The KOSPI, which had fallen to the 3040 level in the morning due to the issue of capital gains tax hikes in the U.S. market, recovered to the 3080 level thanks to individual buying power, successfully turning to an upward trend. The KOSDAQ, which started the session with a decline, also reversed to an increase during the session.
As of 10:25 a.m. on the 23rd, the KOSPI is trading at 3181.64, up 4.12 points (0.13%) from the previous trading day. The KOSPI opened the session at 3173.47, down 4.05 points (0.13%) from the previous day.
Individuals are net buyers with 165.3 billion KRW, while foreigners and institutions are net sellers with 87.1 billion KRW and 71.5 billion KRW, respectively.
Among the top market capitalization stocks, there were mixed movements. LG Chem (0.46%), Samsung Biologics (0.50%), and Kakao (0.85%) rose. On the other hand, Samsung Electronics (-0.12%), SK Hynix (-1.88%), and NAVER (-0.53%) declined.
At the same time, the KOSDAQ rose 3.65 points (0.36%) to 1029.36. The index started the session at 1024.29, down 1.42 points (0.14%) from the previous day.
Individuals were net buyers with 31.1 billion KRW, while foreigners and institutions were net sellers with 9.2 billion KRW and 13.3 billion KRW, respectively.
Among the top market capitalization stocks, Pearl Abyss (-0.48%) and Alteogen (-1.54%) declined. Meanwhile, Celltrion Healthcare (0.41%), Celltrion Pharm (0.41%), and Kakao Games (1.25%) rose.
The market analysis suggests that the domestic stock market is taking time to relieve the burden from the recent rise and accumulate energy. Kim Younghwan, a researcher at NH Investment & Securities, said, "The domestic stock market is accumulating energy to break through the critical point," and predicted, "It is expected to attempt to break through the upper bound of the box range next week."
He added, "In the short term, the stock index is facing resistance near the previous high, delaying the active inflow of individual funds," and "Once the box range is broken upward, individual funds are expected to flow in, allowing the stock index to level up."
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