[Asia Economy Reporter Hwang Yoon-joo] The KOSPI and KOSDAQ started higher on the 16th. While institutions were the sole net buyers at the market open, foreign investors switched to 'buying,' leading both major indices to rise by over 1%.
As of 10:26 AM, the KOSPI is trading at 2462.61, up 1.43% from the previous day. It opened at 2444.06, up 0.67%, and has shown a steady upward trend since.
The index appears influenced by foreign buying momentum. Foreign investors and institutions are net buying 1.8 billion KRW and 303.9 billion KRW, respectively. Meanwhile, individual investors are net selling 301.4 billion KRW. Foreign investors initially showed a 'selling' trend at the open but switched to 'buying.' In the futures market, foreign investors are net buying 928.7 billion KRW, while institutions are net selling 629.2 billion KRW.
All of the top 10 market capitalization stocks are rising. Kia is up 2.62%, Naver 2.32%, LG Energy Solution 1.90%, Kakao 1.89%, and Hyundai Motor 1.85%, in that order.
As of 10:36 AM, the KOSDAQ is at 780.75, up 2.00% from the previous day. It opened at 772.17, up 0.88%, and is showing strength due to combined buying by foreign investors and institutions. Foreign investors and institutions are net buying 42 billion KRW and 45.8 billion KRW, respectively. Conversely, individual investors are net selling 99.6 billion KRW.
The top 10 market capitalization stocks on KOSDAQ are also all rising. Kakao Games is surging by 5.42%. EcoPro is up 4.92%, Pearl Abyss 4.39%, Celltrion Healthcare 2.48%, and EcoPro BM 2.34%, respectively.
Meanwhile, in the Seoul foreign exchange market today, the won-dollar exchange rate opened at 1283.0 won, up 0.8 won from the previous trading day.
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