[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are maintaining an upward trend in the morning session, driven by net buying from foreign investors.
As of 11:10 AM on the 4th, the KOSPI stood at 2475.45, up 0.57% (14 points) from the previous trading day. The index opened at 2478.44, up 0.69% (16.99 points) from the previous day, and has maintained its upward momentum. Looking at investor trends, individuals and foreigners bought stocks worth 4 billion KRW and 67.4 billion KRW respectively, while institutions sold stocks worth 76 billion KRW alone.
Today's domestic stock market was influenced by the U.S. market closing higher due to positive economic indicators and opinions of oversold technology stocks. Sangyoung Seo, a researcher at Mirae Asset Securities, said, "The strong U.S. stock market driven by large technology stocks due to mentions of oversold conditions and confidence in the economy is favorable for the Korean stock market, which has plunged nearly 20% since the beginning of the year."
By sector, service industry (2.46%), finance (0.87%), medical precision (0.74%), and electrical and electronics (0.69%) showed gains. NAVER (2.79%) and Kakao (6.71%) rose, supported by the increase in U.S. technology stocks, leading the service sector's rise.
Among the top market capitalization stocks, Samsung Electronics rose 0.49% to 61,600 KRW compared to the previous trading day. LG Energy Solution (1.49%), SK Hynix (0.21%), and Samsung SDI (0.17%) also increased. Samsung Biologics (-0.11%), LG Chem (-0.81%), and Hyundai Motor (-0.76%) declined.
The KOSDAQ index at the same time stood at 825.10, up 1.19% (9.74 points) from the previous trading day. The index opened at 820.06, up 0.58% (4.70 points) from the previous day. Looking at investor trends, foreigners alone bought stocks worth 92.3 billion KRW. Individuals and institutions sold stocks worth 70.1 billion KRW and 8.5 billion KRW respectively.
By sector, digital content (3.98%), transportation equipment and parts (3.08%), and IT software (2.52%) rose. The strong performance of gaming stocks led the rise in the digital content sector, with Wemade Max (22%), Wemade (16%), Com2uS Holdings (8.8%), and Longtu Korea (5.2%) showing sharp gains.
All of the top market capitalization stocks in KOSDAQ also rose. EcoPro BM (1.88%), Celltrion Healthcare (0.84%), L&F (0.28%), HLB (8.38%), Kakao Games (1.55%), Pearl Abyss (2.96%), Celltrion Pharm (1.81%), Alteogen (8.07%), EcoPro (5.66%), and Chunbo (0.69%) increased.
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