Influence of US Stock Market Rise... KOSPI Trades Around 2980 Early in Session

[Asia Economy Reporter Minji Lee] As the three major U.S. indices all rose the previous day, the domestic stock market is showing an upward trend in the early trading session.

At 9:09 AM on the 6th, the KOSPI stood at 2,980.30, up 0.61% (18.13 points) from the previous trading day. The index opened at 2,986.06, up 0.81% (23.89 points) from the previous day, and has continued its upward momentum. Looking at investor trends, individual investors alone bought stocks worth 96.3 billion KRW, while institutions and foreigners sold stocks worth 54.1 billion KRW and 47.4 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics (0.28%), SK Hynix (0.10%), NAVER (0.94%), Samsung Biologics (0.49%), LG Chem (1.87%), Kakao (1.80%), Samsung SDI (0.74%), and Hyundai Motor (0.26%) rose, while Kia fell by 0.39%.

At the same time, the KOSDAQ index stood at 965.31, up 1.04% (9.94 points) from the previous trading day. The index started the session at 962.62, up 0.76% (7.25 points) from the previous day. Looking at investor trends, individual investors alone bought stocks worth 23.1 billion KRW, while foreigners and institutions sold stocks worth 17.5 billion KRW and 2.3 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (2.10%), EcoPro BM (0.91%), L&F (1.09%), Kakao Games (1.11%), and Celltrion Pharm (1.83%) rose, while Pearl Abyss (-0.47%), HLB (-0.57%), and SK Materials (-0.15%) declined.

Seosangyoung, a researcher at Mirae Asset Securities, said, “The U.S. stock market’s strength due to a rebound buying trend driven by expectations of easing political uncertainty is a positive factor,” adding, “The strong rebound buying in large tech stocks leading the rally is also favorable.”