[Asia Economy Reporter Lee Seon-ae] On the 7th, the domestic index, which started higher, continued its upward trend into the afternoon, showing a rebound pattern.
As of 1:37 PM, the KOSPI was up 1.56% at 2953.57. The KOSPI index opened at 2936.87, up 28.56 points (0.98%) and has been showing an upward trend.
Overnight, the New York stock market closed higher on news that the US Republican Party proposed a plan to suspend the debt ceiling until December, which is interpreted as contributing to the KOSPI's rise. While individuals and foreigners sold 438.2 billion KRW and 75.4 billion KRW respectively, institutions led the index's rise by net buying 512.2 billion KRW. The strong sectors in KOSPI are Services (+3.92%), Transportation Equipment (+3.66%), and Machinery (+3.54%). Looking at the top market capitalization stocks, Samsung Electronics (0.70%), Naver (5.36%), Samsung Biologics (2.91%), Kakao (5.31%), Samsung SDI (0.30%), Hyundai Motor (2.84%), and Kia (5.35%) are rising, while SK Hynix (-0.73%) and LG Chem (-1.35%) are falling.
At the same time, the KOSDAQ index is trading at 945.85, up 2.55% from the previous day. The index opened at 932.65, up 10.29 points (1.12%). Although individuals are net selling about 253.5 billion KRW, foreigners and institutions are net buying 231.1 billion KRW and 37.3 billion KRW respectively. The strong sectors in KOSDAQ are Broadcasting Services (+5.46%), Non-metallic Minerals (+4.98%), and Digital Content (+4.26%), while the weak sector is Paper & Wood (-2.07%).
Looking at the top market capitalization stocks, most are rising including Celltrion Healthcare (0.23%), Pearl Abyss (5.97%), L&F (2.58%), HLB (1.50%), Kakao Games (6.87%), Celltrion Pharm (2.35%), CJ ENM (5.93%), and Wemade (1.90%), while Ecopro BM (-0.53%) and SK Materials (-0.45%) are falling.
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