[Asia Economy Reporter Lee Jung-yoon] The KOSPI index showed a strong gain of over 2% on the afternoon of the 4th as foreigners and institutions exhibited buying momentum.
As of 2:01 PM on the day, the KOSPI index was recorded at 2209.45, up 53.96 points (2.50%) from the previous trading day. The index opened at 2189.51, up 34.02 points (1.58%), and then extended its gains. Foreigners and institutions purchased approximately 173.6 billion KRW and 49.7 billion KRW respectively, driving the index upward. Conversely, individual investors net sold stocks worth 221.2 billion KRW.
Among the top market capitalization stocks, Samsung Electronics rose strongly by 4.14%. This was followed by SK Hynix (3.85%), LG Energy Solution (3.63%), LG Chem (3.36%), Hyundai Motor (1.70%), Samsung SDI (1.65%), Kia (1.53%), and Samsung Biologics (0.62%). On the other hand, NAVER fell more than 8% after news broke that it acquired a North American secondhand fashion platform, hitting a 52-week low. Kakao also declined by 1.58%.
By sector, Medical Precision (5.01%), Steel & Metals (4.19%), Electrical & Electronics (3.67%), Machinery (3.43%), and Chemicals (3.32%) showed strong gains. The Service and Food & Beverage sectors each recorded declines of 0.63%.
At the same time, the KOSDAQ index traded at 693.17, up 20.52 points (3.05%) from the previous trading day. It started the day at 685.19, up 12.54 points (1.86%). Foreigners and institutions net bought about 36 billion KRW and 86.1 billion KRW respectively, while individuals net sold stocks worth 109.3 billion KRW.
Among the top market capitalization stocks, EcoPro BM (4.43%), HLB (3.62%), Studio Dragon (2.71%), and Pearl Abyss (2.68%) rose in that order.
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