[Asia Economy Reporter Lee Jung-yoon] The KOSPI index is showing strength on the morning of the 4th as foreigners maintain a buying advantage.
As of 9:41 AM, the KOSPI index was trading at 2,197.76, up 42.27 points (1.96%) from the previous trading day. The index started at 2,189.51, up 34.02 points (1.58%), and has since expanded its gains. Foreigners alone purchased approximately 84 billion KRW worth of shares, driving the index higher. Meanwhile, individuals and institutions sold net amounts of 31.9 billion KRW and 52.1 billion KRW, respectively.
Among the top market capitalization stocks, SK Hynix and Samsung Electronics rose 4.21% and 4.14%, respectively. Hyundai Motor (1.42%), LG Chem (1.12%), and Kia (0.56%) followed with gains. On the other hand, Naver (NAVER) (-3.62%), Samsung SDI (-0.37%), LG Energy Solution (-0.23%), and Kakao (-0.18%) declined. Samsung Biologics remained flat.
By sector, construction (3.20%), steel & metals (3.16%), textiles & apparel (3.03%), electrical & electronics (2.97%), machinery (2.81%), and medical precision (2.41%) led the gains. Meanwhile, food & beverage (-0.57%) and electric & gas utilities (-0.15%) sectors showed declines.
Han Ji-young, a researcher at Kiwoom Securities, explained, "We expect a rebound as technical buying flows in due to recognition of recent excessive declines, while digesting external events that occurred during the market closure period."
The KOSDAQ index expanded its gains due to combined buying by individuals and institutions. At the same time, the KOSDAQ index was trading at 687.16, up 14.51 points (2.16%) from the previous day. Individuals and institutions purchased approximately 3.4 billion KRW and 28.9 billion KRW worth of shares, respectively, while foreigners sold about 26.7 billion KRW net.
Among the top market capitalization stocks, Studio Dragon recorded the largest gain, rising 2.56%. It was followed by Pearl Abyss (2.47%), HLB (2.45%), Kakao Games (2.23%), EcoPro BM (1.36%), JYP Ent. (1.02%), and EcoPro (0.09%). Meanwhile, L&F (-1.01%) and Celltrion Healthcare (-0.15%) declined. Celltrion Pharm remained flat.
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